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Post FOMC analysis with @adamtaggart x.com/i/broadcasts/1…

Bloomberg's @FerroTV @lisaabramowicz1 @tomkeene lament no specifics are given which data will decide policy. But there are specifics: inflation is down, inflation expectations are down and financial conditions tighter, but not tight; economy strong.
Read: December rate hike

Warsh: "... we are tightening financial conditions..." -- present tense, an ongoing effort.
Mentions his assessment is not that the economy is running hot, adding that it's difficult to tell, but sees signs of productivity improvements, not just recently.

Warsh throws a jab at Alan Blinder's WSJ OpEd, without naming him, saying that there's time for forward guidance when faced with a serious crisis as in 2008. x.com/AxelMerk/statu…

Warsh: correlation between oil and bonds has recently broken down.

Warsh: productivity task meeting meets on November 16, will invite outside speakers, eager to shape his own opinion.
Super important: Warsh intends to speak --> an opportunity to communicate his ideas on a task force topic. Expect more speeches like this.

Warsh likes analogies, repeating "the Fed looks out of the window" to decide on policy. I can see the memes coming already. But the message is of course that they aren't inward, but outward looking in determining policy.