Joseph Wang & Nick Timiraos: What You Need To Know For The November Fed Meeting

Published: Nov. 1, 2022, 8:41 p.m.

b'With the Fed set to hike interest rates yet again, Jack is lucky to speak to the ultimate Federal Reserve heavyweights: Nick Timiraos, chief economics corresopndent for The Wall Street Journal, and Joseph Wang, former senior trader for the New York Fed. Timiraos and Wang share what they will be watching for in the Powell presser on November 2nd, 2022, and discuss how resilient consumer balance sheets are making the Fed\\u2019s job even harder. Timiraos\\xa0\\n\\nWang argues that Treasury buyback program would be effective in improving liquidity in U.S. government bonds, which is currently very weak, and Timiraos shares how he goes about picking a question to ask Fed Chair Jerome Powell.\\xa0\\n\\nFilmed on November 1, 2022, the first day of the meeting of the November Federal Open Market Committee. Stay tuned for an upcoming interview with Joseph Wang and Jim Bianco, which will be filmed after the Powell presser on November 2nd.\\xa0\\n\\n______\\nFollow Nick Timiraos on Twitter https://twitter.com/NickTimiraos\\nFollow Joseph Wang on Twitter https://twitter.com/FedGuy12\\nFollow Jack Farley on Twitter https://rb.gy/uesguv\\nFollow Forward Guidance on Twitter https://rb.gy/cy0dki\\nFollow Blockworks on Twitter https://rb.gy/igyzsj\\n______\\nJoseph Wang\\u2019s book, \\u201cCentral Banking 101\\u201d: https://www.amazon.com/Central-Banking-101-Joseph-Wang/dp/0999136747\\n\\nNick Timiraos\\u2019 book, \\u201cTrillion Dollar Triage: How Jay Powell And The Fed Battled A President And A Pandemic \\u2013 And Prevented Economic Disaster\\u201d: https://www.littlebrown.com/titles/nick-timiraos/trillion-dollar-triage/9780316272810/\\n\\nNick Timiraos\\u2019 article: \\u201cFed Meeting to Focus on Interest Rates\\u2019 Coming Path\\u201d: https://www.wsj.com/articles/fed-meeting-to-focus-on-interest-rates-coming-path-11667295181\\n\\nNick Timiraos\\u2019 article: \\u201cCash-Rich Consumers Could Mean Higher Interest Rates for Longer\\u201d: https://www.wsj.com/articles/cash-rich-consumers-could-mean-higher-interest-rates-for-longer-11667075614\\n\\nJoseph\\u2019s Wang piece, \\u201cThe Money Still Flows\\u201d: https://fedguy.com/the-money-still-flows/\\n\\nJoseph Wang\\u2019s piece on Treasury Buybacks (\\u201cQuantitative Buybacks\\u201d): https://fedguy.com/quantitative-buybacks/\\n______\\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\\nhttps://rb.gy/5weeyw\\n\\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \\u201cDaily Debrief\\u201d Newsletter: https://rb.gy/feusos\\n\\nFind out more about the Blockworks video editor role here: https://blockworks.co/careers/\\n______\\nTimestamps:\\n(00:00) Intro\\n(01:07) What To Look For In November FOMC Meeting\\n(11:06) The Consumer Balance Sheet Is Strong\\n(19:45) The Fed\'s Balance Sheet\\n(28:45 )Treasury Liquidity Is Very Weak"\\n(31:20) A Potential Treasury Buyback\\n(31:51) Will The Fed Adjust Its Inflation Target?\\n(46:37) Could The Fed Go From A 50 Basis Point Hike To A Halt In Hiking Rates?\\n(49:36) Asking A Question To Jerome Powell\\n(56:43 )Is The Drain on Banking Reserves Going To Force The Fed To Stop Reducing Its Balance Sheet?\\n\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.\\n______'