Odd Lots: How Fed-Watching Became a Thing
When Federal Reserve Chair Janet Yellen speaks, the world pays attention — and one group is especially attentive. 'Fed-watchers' have made a career out of analyzing and dissecting the words and actions of monetary policymakers particularly in the aftermath of the 2008 financial crisis that has seen the U.S. central bank launch a plethora of new stimulus programs.
This week we speak to one of our favorite Fed-watchers. Tim Duy is the professor of practice and senior director of the Oregon Economic Forum at the University of Oregon, a Bloomberg contributor, and author of the aptly-named Tim Duy's Fed Watch. He walks us through how the central bank came to dominate market discourse, and gives his tips on how best to engage in a bit of Fed-watching of one's own.