Comments on: Inflation Concerns Rise at the Federal Reserve Amid Tariff Unease https://inflationwatch.drduru.com/inflation-concerns-rise-at-the-federal-reserve-amid-tariff-unease/?utm_source=rss&utm_medium=rss&utm_campaign=inflation-concerns-rise-at-the-federal-reserve-amid-tariff-unease Watching for inflation here, there and everywhere Fri, 11 Apr 2025 13:53:40 +0000 hourly 1 https://wordpress.org/?v=7.1.4 By: Dr. Duru https://inflationwatch.drduru.com/inflation-concerns-rise-at-the-federal-reserve-amid-tariff-unease/#comment-359 Fri, 11 Apr 2025 13:53:40 +0000 https://inflationwatch.wordpress.com/?p=3832#comment-359 In reply to Gary H.

I believe you are correct about the history of “dissent” on the Fed.
I have a piece coming up (on Seeking Alpha) where I guess what can happen once the market starts discounting uncertainty and chaos. It ain’t pretty!

]]> By: Gary H https://inflationwatch.drduru.com/inflation-concerns-rise-at-the-federal-reserve-amid-tariff-unease/#comment-358 Fri, 11 Apr 2025 13:17:00 +0000 https://inflationwatch.wordpress.com/?p=3832#comment-358 Historically, FOMC governors do not always agree with the Chair. If I remember correctly, minutes indicated Greenspan had a constant struggle to get a majority to agree with his more unorthodox policies. Also, Bernanke got pushback from governors who firmly believed in an austerity response to the Great Recession.

Personally I expect White House policies of all kinds to continue to shift chaotically, ultimately leading the economy to discount unpredictability as the new normal. To me the salient question is what will *that* discounting look like? It seems likely to be inflationary due to the requirement that every interest rate must reflect all risks, and cost predictability and payment reliability have decreased.

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