B · Normal
[Jeffrey: Fed Chairman Warsh is expected to focus on credibility] On October 28, Jefferies analyst Mohit Kumar said in a report that Federal Reserve Chairman Kevin Warsh’s main focus is credibility, rather than trying to be hawkish or dovish. This is likely the information we will get today as well. If there is a risk of inflation, the Fed needs to take action. Jefferies is betting on falling oil prices, predicting they will fall back to $60-$65 a barrel in two years. Therefore, it should not be oil prices that determine the medium-term outlook for inflation.
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