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Comey Not Obligated to Say All in Open Session, Haines Says

bloomberg-surveillance-podcast society-law-government Apr 11, 2026 source →
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Comey Not Obligated to Say All in Open Session, Haines Says

Claims from this story

Every atomic assertion extracted from the underlying record, ranked by evidence strength.

Federal Bureau of Investigation agents document conversations when they feel uncomfortable or sense the conversation is heading in a problematic direction.

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James Comey is obligated to say everything he knows, but not necessarily all of it in the open session.

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James Comey's public testimony is not expected to reveal significant new information.

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Markets are more convinced by the "lowflation" idea than the Federal Reserve.

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Republican majorities in Congress need to unify and define a path forward on the Affordable Care Act and tax reform.

paraphrasestatedsociety-law-governmentApr 11, 2026

Marvin Goodfriend's potential appointment to the Federal Reserve would be a hawkish addition.

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Inflation break-evens have decreased significantly since the US election.

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Five-year, five-year break-evens can move significantly with little new information, possibly due to technical factors.

paraphrasestatedsociety-law-governmentApr 11, 2026

Christopher Wray's confirmation hearings for Federal Bureau of Investigation Director are upcoming.

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Five-year, five-year break-evens are a market gauge that the Federal Reserve monitors.

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Markets expected the European Central Bank to remove more dovish elements from its forward guidance.

paraphrasestatedsociety-law-governmentApr 11, 2026

The Federal Reserve has adopted a more balanced approach to the balance of risk.

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The Federal Reserve's primary concern is the current inflation trend.

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The Federal Reserve is comfortable with current economic growth levels.

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Markets are not currently pricing in a significant probability of a Federal Reserve rate hike in September.

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Federal Bureau of Investigation personnel are willing to sacrifice their lives for their country and the President.

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The market's focus for Federal Reserve policy is on potential rate hikes beyond June, particularly in September.

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Markets have priced in an 80%+ probability of a Federal Reserve rate hike in June.

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Economic growth has been good within the context of the current recovery.

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Potential events in September include the US debt ceiling being raised and the budget needing to be passed.

paraphrasestatedsociety-law-governmentApr 11, 2026

Potential events in September include German and Italian elections.

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Upcoming political and fiscal events in September might cause the Federal Reserve to pause its rate hike plans.

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The two-year yield minus the inflation rate remains negative.

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The European Central Bank dropped the "lower" reference for rates in its forward guidance but did not modify the "well past the end of asset purchases" language as expected.

paraphrasestatedsociety-law-governmentApr 11, 2026

The European Central Bank's recent actions suggest a reassessment of the pace of stimulus withdrawal, but overall were in line with market expectations.

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The European Central Bank also faces an inflation problem similar to the Federal Reserve.

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Many central bankers are currently adopting a "look through" stance on inflation.

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The Federal Reserve has indicated it will "look through" inflation data on June 14th.

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The Federal Reserve's stance on inflation beyond June 14th is uncertain.

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The European Central Bank's recent move to drop the "lower" reference for rates was a small step and largely expected by markets.

paraphrasestatedsociety-law-governmentApr 11, 2026

The Federal Reserve believes the current low inflation is temporary and is willing to overlook it.

paraphrasestatedsociety-law-governmentApr 11, 2026

Central banks change their forward guidance if economic facts change.

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Both the Federal Reserve (post-Volcker) and the European Central Bank have earned credibility.

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A gradual balance sheet unwinding by the Federal Reserve's voting members would be a less impactful market event.

paraphrasestatedsociety-law-governmentApr 11, 2026

Central banks likely adhere to forward guidance for small economic changes to maintain credibility.

paraphrasestatedsociety-law-governmentApr 11, 2026

Central banks will change forward guidance for large economic shifts, and markets will likely overlook the deviation.

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There is concern that the economy may not be escaping the low-inflation environment.

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Inflation data over the next three months will be crucial for economic observation.

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Forward guidance is more than a marketing campaign if the central bank is viewed as credible.

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Marvin Goodfriend is reportedly being considered for a Federal Reserve governor position.

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There are now three potential candidates for vacant Federal Reserve governor slots.

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Marvin Goodfriend has publicly stated that interest rates should be significantly higher, closer to 2%.

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Several European Central Bank speakers believe there is no longer any downside risk to the economy.

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Marvin Goodfriend favors a rules-based approach to monetary policy.

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Current monetary policy rules suggest that interest rates should be higher.

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It is uncertain if Marvin Goodfriend could persuade the Federal Reserve committee to adopt his higher rate stance.

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The Federal Reserve staff's proposal for balance sheet unwinding is very gradual.

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Negative real interest rates have persisted at the short end of the yield curve for some time.

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There is some room for the Federal Reserve to raise rates without catastrophic consequences.

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The Federal Reserve is maintaining a very gradual pace of rate hikes.

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An acceleration of Federal Reserve rate hikes could pose a problem.

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An acceleration of Federal Reserve rate hikes is not expected soon.

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A September rate hike by the Federal Reserve is not considered automatic.

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The Euro remained largely unchanged following European Central Bank news.

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A special counsel (Robert Mueller) was appointed recently to investigate the matter.

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Special Counsel Robert Mueller is currently establishing his office and receiving briefings on the investigation's status.

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The special counsel's investigation will be thorough but will not conclude quickly.

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The investigation is expected to be a slow, drawn-out event without daily bombshells, contrasting with recent developments.

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Recent inflation readings have been softer than market expectations.

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William Gavin believes President Donald Trump understands the importance of an independent, ethical, and competent law enforcement agency.

paraphrasestatedsociety-law-governmentApr 11, 2026