Posted on

Macro Insiders: Flash Update from Julian

The Unreliable Boyfriend: a phrase initially coined for Mark Carney at the Bank of England; Jay Powell has joined the club. JP has previous form in flip-flopping (2018/19). This time he has made a song and dance about Average Inflation Targeting and Outcome-based policy, only to flip and cave at the first signs of inflation that he was insisting was transitory. Back to data dependency then. What to think, what to do?

To access this content, clients must log in. To inquire about access, please contact us.