If a favorite policy metaphor for our times is the slow-moving ship, then the March Fed meeting may be the last turn of the wheel for a fairly sharp jibe. Volatile financial markets have left the Powell Fed scrambling to change course over the last three months. The March FOMC is expected to deliver several important, perhaps final, changes to reverse course from the semi-disastrous December meeting. Given the exceedingly dovish comments from Fed officials in recent weeks, another round of market-reassuring messages seems in store, setting a course for renewed debate in the second half of 2019.
What to Expect:
As iCIMS’ former chief economist, Josh Wright led a team of data scientists in analyzing emerging trends in the U.S. labor market. With publications ranging from academic journals to national media, Wright previously served as a U.S. economist with Bloomberg L.P., and was a staff researcher at the Federal Reserve.