His reputation as an arch-dove on inflation is rather misleading.
More Quotes from Mark Cliffe:
I think he's going to lean towards indicating that the Fed isn't in a hurry to raise rates,Mark Cliffe
For most people in financial markets, this is typically put in a box labeled 'too difficult'. There's just no sensible way of producing a systematic probability of the outcomes and it's very hard to put numbers or values on it.
Mark Cliffe
For the last three or four years there has been a gradual reduction of staffing on foreign exchange desks for doing these intra-European trades partly because the volume has declined,
Mark Cliffe
I think most of the staffing implications have already been taken on board. It has been happening gradually over a period of time.
Mark Cliffe
Markets want to hear some kind of hint that they'll back up these words with action, specifically intervention in foreign exchanges to drive the euro higher,
Mark Cliffe
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