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Sin(a)tra
Sin(a)tra
By Michael Every of Rabobank
Sin(a)tra
Let’s be Frank: the central banker pow-wow at Sintra had a touch of Sinatra. Fed Chair Warsh belted out “I’ll do it MYYYYYY way,” and everyone else chimed in that they’d had a few regrets about how they’ve run monetary policy and were coincidentally now mentioning them.
Markets swooned when Warsh stated the case for Fed independence and that anyone expecting tolerance for inflation above 2% “would be disappointed.”
Yet he also sang with an AI autotune. While the current “AI shock” is driving a boom in...
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