Tag Archives: Federal Reserve

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We Are Not Clear About a Future Fed Path, Says Cumberland Advisors’s Kotok

Author: , Post Date: July 31, 2019
Cumberland Advisors's David Kotok - Future Fed Path Is Not Clear – Bloomberg TV

We Are Not Clear About a Future Fed Path, Says Cumberland Advisors’s Kotok July 31, 2019 David Kotok, chairman and chief investment officer at Cumberland Advisors, discusses the Fed decision and the way forward for markets. He speaks on “Bloomberg Daybreak: Asia.” Watch at Bloomberg TV or in the embedded player below.

Cumberland Advisors Market Commentary – Rocky Mountain Summit

Author: David R. Kotok, Post Date: July 18, 2019
Rocky Mountain Summit July 2019

Four states – CO, WY, ID, UT – in six days; private professional meetings, a few public gatherings, two Chatham House roundtables, and one half-day with a fly rod. My longtime friend Bill Dunkelberg and I brought nearly 40 trout to the net for release. An equal number escaped the net during the fight. Here […]

Fed and Climate Change

Author: David R. Kotok, Post Date: May 30, 2019
Fed & Climate Change

My note today puzzles over the Fed’s sitting on the sidelines while other central bankers act together to mitigate a growing risk to national economies and the global financial system. As context for this discussion, please take a minute to read this report about the accelerated melting of ice in Antarctica: https://www.theguardian.com/environment/2019/may/16/thinning-of-antarctic-ice-sheets-spreading-inland-rapidly-study. Now to the […]

Cumberland Advisors Market Commentary –  White House Considers Economist Judy Shelton for Fed Board

Author: David R. Kotok, Post Date: May 13, 2019
Federal Reserve Building

For a history of the Fed Board of Governors and its changes over the past century, see https://www.federalreserve.gov/aboutthefed/bios/board/boardmembership.htm . Right now we have five of seven governors’ seats filled. One of those seats is held by Lael Brainard, and she is in a holdover capacity. She was appointed by President Obama in 2014. In a perfect […]

Fed Appointees

Author: David R. Kotok, Post Date: May 1, 2019
Market Commentary - Cumberland Advisors - Fed Appointees

“If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%…with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!” – President Donald Trump, April 14, […]

The January 2019 Fed Minutes

Author: Robert Eisenbeis, Ph.D., Post Date: February 22, 2019
Federal Reserve - FOMC

Attention has turned to what extra gems of information might be contained in the release of the FOMC’s January 2019 minutes about the future path of policy. Comments have focused on the Fed’s balance sheet, the consequences of its runoff for financial markets, and what the Fed’s policies might be going forward in terms of […]