Jefferies' Owen Says Fed May Not Raise Rates in December

The transcript discusses the potential reappointment of Janet Yellen as Fed Chair and the possibility of Gary Cohen being a contender. David Owen provides insights into the implications of these decisions, highlighting the uncertainty surrounding the Fed's future actions. The discussion covers expectations for interest rate hikes and balance sheet normalization, with a focus on the challenges faced by central banks in managing these processes.

Who is mentioned as a top contender for the Federal Reserve Chair position alongside Janet Yellen?

• Ben Bernanke

• Jerome Powell

• Gary Cohen

• David Owen

What is a key factor in the debate over Janet Yellen's reappointment as Fed Chair?

• Her political affiliations

• Her academic background

• Her preference for low interest rates

• Her stance on high interest rates

What is one reason for the uncertainty surrounding Janet Yellen's future as Fed Chair?

• Her interest in joining another financial institution

• Her health concerns

• Her desire to retire and move to Berkeley

• Her plans to run for political office

What is a challenge mentioned in the process of normalizing the balance sheet?

• Technological limitations

• Lack of public support

• Uncertainty in economic impact

• Political opposition

What is a potential difficulty in raising interest rates in December?

• High inflation rates

• Recent economic data

• Political pressure

• Global market instability