James Egglehoff of BNP Paribas believes that Federal Reserve Chairman Jay Powell copied Alan Greenspan's 1998 playbook when he cut rates in response to tariffs.

According to James Egglehoff, Alan Greenspan was a dominant figure who set Federal Reserve policy largely independently of the rest of the committee.

James Egglehoff of BNP Paribas believes that Federal Reserve Chairman Jay Powell liberally copied Alan Greenspan's 1998 playbook when he cut rates in response to tariffs.

According to James Egglehoff of BNP Paribas, Alan Greenspan was a dominant figure who set Federal Reserve policy largely independently of the rest of the committee.

James Egglehoff of BNP Paribas believes that Federal Reserve Governor Kevin Warsh thinks the Fed's transparency reforms under Ben Bernanke went too far and that communication should be scaled back.

Federal Reserve Chairman Ben Bernanke introduced the "dot plot" of interest rate projections and regular press conferences to increase transparency.

BNP Paribas believes that U.S. headline inflation has reached its peak and will decline from current levels.

The Federal Reserve has not raised interest rates while the unemployment rate was rising since 1981.

BNP Paribas predicts a major productivity boom from AI will not occur for a couple of years, pending the availability of sufficient computing power and business adoption.

BNP Paribas predicts the U.S. unemployment rate will gradually decline from its current level.

The Federal Reserve under Alan Greenspan cut interest rates three times in 1998 following the failure of the hedge fund Long-Term Capital Management.

Federal Reserve Chairman Ben Bernanke implemented reforms to make the institution more egalitarian, collegial, and transparent.

BNP Paribas predicts that U.S. core inflation will remain sticky and run in the high 2% range next year.

BNP Paribas predicts the Federal Reserve will raise interest rates in December, January, and March.

BNP Paribas believes that for the next two years, the economic impact of AI will be primarily inflationary due to capital investment and wealth effects.

Federal Reserve Chairman Ben Bernanke established an explicit 2% inflation target, a policy that his predecessor Alan Greenspan had opposed.