Federal Reserve Vice Chairman Don Kohn will deliver a speech on the economic outlook at 12:45 p.m. ET in Atlanta, a potentially important speech from one of the Fed's most important members.
Kohn was former Fed Chairman Alan Greenspan's main strategist throughout Greenspan's tenure, and Kohn continues to exert great influence at the Fed. Most recently, in September, Kohn led what became a cavalcade of Fed speakers whose mission was to make it clear that no interest rate cut was in the offing.
Kohn is a crafty Fed speaker who knows who to choose his words wisely in order to convey very specific messages about the direction and leaning of monetary policy, and his senior status makes him very influential on Wall Street. We should continue to look to continue for guidance on where the Fed stands.
P.S. Will you be there when Cramer makes his next move?
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Tony Crescenzi Blog Rig Count Falls 1/8/2007 10:12 AM EST The recent drop in energy costs appears to be lowering the urgency to drill for new sources.
Tony Crescenzi Blog Macro Overview of Week Ahead 1/8/2007 9:23 AM EST Keep an eye on commodities and their relationship with foreign markets.
Tony Crescenzi Blog TIPS Suggest Bonds Not Source of Stock Drop 1/5/2007 3:10 PM EST Those who think Friday's jobs report has caused a meaningful change in inflation expectations should look more closely at the TIPS market.
Tony Crescenzi is the chief bond market strategist at Miller Tabak + Co., LLC, and advises many of the nation's top institutional investors on issues related to the bond market, the economy and other macro-related issues. At the request of the Federal Reserve, Crescenzi is a regular participant in the board's Livingston Survey of economic forecasters. He is also the author of The Strategic Bond Investor. At the time of publication, Crescenzi or Miller Tabak had no positions in the securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Crescenzi also is the founder of Bondtalk.com, a popular Web site covering the bond market and the economy. Crescenzi appreciates your feedback; click here to send him an email.
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