BasisPointInsight.com - What Will the Fed's "Warsh Era" Bring? by Mohamed A. El-Erian The next Federal Reserve chair will inherit an institution that, by any historical measure, is deeply fractured internally and lacks credibility externally. By strengthening the Fed’s analytical frame...

1/2 After Kevin Warsh’s G30 Spring Lecture, Chair Raghuram G. Rajan commented that he “pretty much” agreed with everything Warsh said.

#FederalReserve #WarshEra #CentralBankReform #PolicyCredibility #BalanceSheetTheory #MacroPolicy

BasisPointInsight.com - Transition Credibility, Not Climate Targets, Wins Capital by Arvind Mayaram Net-zero pledges are abundant. Investors now demand credible transition plans that link emissions, capital spending, and long-term value. by Arvind Mayaram, BasisPointInsight.com

1/4 Net-zero pledges are abundant, but investors are no longer pricing aspiration. They are pricing transition credibility. How do emissions targets translate into capital expenditure? What happens to long-lived assets under tighter carbon rules?

#PolicyCredibility

BasisPointInsight.com - RBI Signals the End of Easing as Markets Begin to Question Comfort by Dhananjay Sinha Policy stability risks being mistaken for financial stability. The easing cycle may have ended, but the adjustment it triggered is far from complete. by Dhananjay Sinha, BasisPointInsight.com

Read Dhananjay Sinha's column for BasisPoint:
RBI Signals the End of Easing as Markets Begin to Question Comfort 👇

#PolicyCredibility #IndiaMacro

BasisPointInsight.com - Grandfathered, Then Burned: Why the Government Must Lead the Tiger Appeal by TK Arun India promised tax certainty through grandfathering. The Supreme Court's Tiger Global verdict undermines that. It’s the government that must restore credibility. by TK Arun, BasisPointInsight.com

2/2 This isn't just about one fund, it’s about credibility. Investors need clarity, not second-guessing. It’s up to the government to set it right.

Read TK Arun’s column for BasisPoint — Grandfathered, Then Burned: Why the Government Must Lead the Tiger Appeal

#PolicyCredibility #IndiaMacro

12/13 Mark Carney previously established a policy credibility principle: "If something is going to be changed, then something at least as good is put in its place."

This standard now applies to potential ZEV mandate modifications.
#MarkCarney #PolicyCredibility

10/13 Deutsche Bank strategist Jim Reid explains investors fear "less credible US policy-making may erode the exorbitant privilege that has allowed the US to run high twin deficits" more than specific Fed policy concerns.
#USDebt #PolicyCredibility