{"id":2974,"date":"2011-01-13T06:57:30","date_gmt":"2011-01-13T13:57:30","guid":{"rendered":"http:\/\/www.jasonapollovoss.local\/?p=2974"},"modified":"2018-08-16T17:17:55","modified_gmt":"2018-08-16T21:17:55","slug":"update-of-fedcongress-prediction","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2011\/01\/13\/update-of-fedcongress-prediction\/","title":{"rendered":"Update of Fed\/Congress prediction"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\">In my <a href=\"https:\/\/jasonapollovoss.com\/web2010\/12\/13\/what-my-intuition-tells-me-now-2011-predictions\/\" target=\"_blank\" rel=\"noopener\">2011 Predictions<\/a> I said the following:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">&#8220;Federal Reserve (monetary policy) \u2013 The Fed will continue to be impotent quantitatively having pulled all of their policy levers already.\u00a0\u00a0Instead, the power of the Federal Reserve\u00a0will be qualitative.\u00a0\u00a0In other words, what\u00a0they feel is happening in (i.e. their commentary and opinions about)\u00a0the world economy will be more important than any specific action that they\u00a0will make.\u00a0 They are also likely to leave interest rates flat for all of 2011.<\/span><\/li>\n<li><\/li>\n<li><span style=\"font-size: 16px;\">Congress (fiscal policy) \u2013 Will be gridlocked\u00a0and unable to make\u00a0any substantive changes.\u00a0 There will be movement on taxation and pro-business type issues.\u00a0 In particular, look for an extension of the Bush-era taxation environment.&#8221;<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\">Though published December 13th, this list was actually created in late November.\u00a0 Well what is one of the members of the Federal Reserve Board thinking about these issues?\u00a0 At the Manhattan Institute Richard Fisher, President of the Federal Reserve Bank of Dallas, said, &#8220;The Fed has done much\u2026 to provide the bridge financing until the new Congress gets to work restructuring the tax and regulatory incentives American businesses need to confidently expand their payrolls and capital expenditures here at home.&#8221;<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\">I couldn&#8217;t have asked for a stronger endorsement for why you should be reading the &#8220;what my intuition tells me now&#8221; blog on a regular basis.\u00a0 Thank you, Richard Fisher.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In my 2011 Predictions I said the following: &nbsp; &#8220;Federal Reserve (monetary policy) \u2013 The Fed will continue to be impotent quantitatively having pulled all of their policy levers already.\u00a0\u00a0Instead, the power of the Federal Reserve\u00a0will be qualitative.\u00a0\u00a0In other words, what\u00a0they feel is happening in (i.e. their commentary and opinions about)\u00a0the world economy will [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3,15],"tags":[],"class_list":["post-2974","post","type-post","status-publish","format-standard","hentry","category-the-blog","category-predictions"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=2974"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2974\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=2974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=2974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=2974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}