My interview with MNI
on the Fed's outlook for 2024
You can find it here. (10th of January 2024 interview)
https://marketnews.com/mni-interview-fed-to-ease-modestly-in-24-ex-nyfed-s-benigno
It is under the paywall but the main points are:
Market pricing too many cuts.
I found the downward revision in the central tendency of r* from SEP surprising
Difficult to see a recession with a big fiscal stimulus in 2024.
Fed should not eliminate the BTFP in March.