Here’s why the Fed may have won already but is still acting like nothing has improved

Here’s why the Fed may have won already but is still acting like nothing has improved


The Marriner S. Eccles Federal Reserve building in Washington, D.C., US, on Wednesday, July 6, 2022. The Chinese government tried to obtain sensitive internal information and build a network of influence and informants inside the Federal Reserve, according to a new report released Tuesday by Republican staff members of the Senate Homeland Security and Governmental Affairs Committee.

Al Drago | Bloomberg | Getty Images

What does the Federal Reserve really want? We have three hardcore regional central bank presidents talking Tuesday: Cleveland Fed’s Loretta Mester at 11 a.m. ET, Kansas City Fed’s Esther George at 2:15 p.m. ET, and St. Louis Fed’s James Bullard at 2:35 p.m. ET. We can bet that they will be one-upping each other about how high they want to take fed funds, the overnight bank lending rate.



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