S8 Ep1102: Preview for Later Today: Reassessing Fed Guidance and the Inflation Spike. Liz Peek comments on Governor Christopher Waller's critique of the "dot plot" and forward guidance. She explains how these tools potentially misled officials during unprecedented e

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John Batchelor

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🗓️ 7 July 2026

⏱️ 2 minutes

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Summary

Preview for Later Today: Reassessing Fed Guidance and the Inflation Spike. Liz Peek comments on Governor Christopher Waller's critique of the "dot plot" and forward guidance. She explains how these tools potentially misled officials during unprecedented economic shifts, contributing to the recent spike in inflation. (4)
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0:25.9	This is a high-risk investment and you should not expect to be protected if something goes wrong.
0:30.4	This is John Batchelor.
0:31.8	In search of an explanation for the spike in inflation 2001-2002,
0:38.1	our Fed Governor Christopher Waller points to the dot plot, the forward guidance.
0:43.4	Staying the hand of the governors, thinking that there was worse ahead
0:48.3	and that they should not move in any fashion to change the interest rate.
0:53.7	That was wrong.
0:55.5	Where they misled?
0:58.2	Christopher Waller believes they might have been
1:00.3	by the dot plot. Kevin Warsh has now
1:02.4	eliminated the dot plot. It's a new day.
1:05.3	Is Liz Peeked to comment on Governor
1:07.8	Waller and forward guidance no more.
1:12.5	More tonight.
1:14.4	Yeah, yeah, that's very interesting.
	...

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