THE qtn now is …
– is jerome a presidential lackie and will he do things to juice the economy (and therefore help revive price-inflation)
— can he even provide hints of whether the FED is edging close to rate cuts
all is in diplomacy, tackt and jerome communication skill determining player perception of what he ll be saying.
Jerome’s own legacy as inflation fighter is on the line, the qtn is does he care.
I think he does. BUt … I may be wrong: I do suffer from imperfect judge of character.