Amni Rusli @amnirusli.bsky.social · 05/09/2026It’s never just “do what the rules tell you to do”, or just “do what your predecessors used to do”, or just “follow your instincts, do whatever you want”. It is always a combination of them. 010
Reposted by Amni RusliAmni Rusli @amnirusli.bsky.social · 04/09/2026New Post! What Waller Wishes eightateeight.substack.com/p/what-walle...eightateeight.substack.comWhat Waller WishesBecause long-term interest rates can remain low only in a stable macroeconomic environment, these goals are often referred to as the dual mandate; that is, the Federal Reserve seeks to promote the two... 011
Amni Rusli @amnirusli.bsky.social · 04/09/2026New Post! What Waller Wishes eightateeight.substack.com/p/what-walle...eightateeight.substack.comWhat Waller WishesBecause long-term interest rates can remain low only in a stable macroeconomic environment, these goals are often referred to as the dual mandate; that is, the Federal Reserve seeks to promote the two... 011
Reposted by Amni RusliAmni Rusli @amnirusli.bsky.social · 31/08/2026New Post! What Warsh Withheld eightateeight.substack.com/p/what-warsh...eightateeight.substack.comWhat Warsh WithheldComments on Warsh’s Jackson Hole Speech 111
Amni Rusli @amnirusli.bsky.social · 31/08/2026New Post! What Warsh Withheld eightateeight.substack.com/p/what-warsh...eightateeight.substack.comWhat Warsh WithheldComments on Warsh’s Jackson Hole Speech 111
Reposted by Amni RusliAmni Rusli @amnirusli.bsky.social · 21/08/2026New post! The Curious Case of The Inverted Inflation Gap eightateeight.substack.com/p/the-curiou...eightateeight.substack.comThe Curious Case of The Inverted Inflation Gap“Haste still pays haste, and leisure answers leisure; 032
Amni Rusli @amnirusli.bsky.social · 21/08/2026New post! The Curious Case of The Inverted Inflation Gap eightateeight.substack.com/p/the-curiou...eightateeight.substack.comThe Curious Case of The Inverted Inflation Gap“Haste still pays haste, and leisure answers leisure; 032
Amni Rusli @amnirusli.bsky.social · 18/07/2026New Post! The Death of Forward Guidance: Why the Federal Reserve’s retreat from clear communication matters open.substack.com/pub/eightate...open.substack.comThe Death of Forward GuidanceWhy the Federal Reserve’s retreat from clear communication matters 010
Reposted by Amni RusliAmni Rusli @amnirusli.bsky.social · 24/06/2026There are established econometric tools, e.g. Markov regime-switching models, to distinguish transitory from persistent inflation shocks. Recent data place us on the borderline of a shift towards greater persistence. 111
Amni Rusli @amnirusli.bsky.social · 24/06/2026There are established econometric tools, e.g. Markov regime-switching models, to distinguish transitory from persistent inflation shocks. Recent data place us on the borderline of a shift towards greater persistence. 111
Amni Rusli @amnirusli.bsky.social · 22/06/2026Greenspan was an avid consumer of data but even more valuable was his economic insights that stemmed from intuition rather than textbook interpretation of the data, although he personally saw himself as more of an analyst rather than an intuitive policymaker. 120
Amni Rusli @amnirusli.bsky.social · 22/06/2026Greenspan was an avid consumer of data but even more valuable was his economic insights that stemmed from intuition rather than textbook interpretation of the data, although he personally saw himself as more of an analyst rather than an intuitive policymaker. 010
Amni Rusli @amnirusli.bsky.social · 21/06/2026Warsh’s preference for a “less is more” approach to communication is tolerable for now, given that the balance of risks has tilted, clear to all and sundry, towards inflation. However, this latitude will disappear once the risks to the dual mandate return to a more even balance. 110
Reposted by Amni RusliAmni Rusli @amnirusli.bsky.social · 19/06/2026Are we back to Montagu Norman, who viewed monetary policy as an “arcane and esoteric art, best practiced out of public view”? “Never explain, never excuse!” was his motto. #Fed #Warsh 041
Amni Rusli @amnirusli.bsky.social · 19/06/2026Are we back to Montagu Norman, who viewed monetary policy as an “arcane and esoteric art, best practiced out of public view”? “Never explain, never excuse!” was his motto. #Fed #Warsh 041
Amni Rusli @amnirusli.bsky.social · 19/05/2026Inflation expectations: stable, well-anchored slightly above target 100
Reposted by Amni RusliAmni Rusli @amnirusli.bsky.social · 23/04/2026New Post! Kevin Warsh and The Fate of The Fed #EconSky open.substack.com/pub/eightate...open.substack.comKevin Warsh and The Fate of The FedWhen I first encountered Kevin Warsh’s public remarks, particularly his April 2025 IMF lecture hosted by the G30, titled “Commanding Heights: Central Banks at a Crossroads,” I was struck by the florid... 012
Amni Rusli @amnirusli.bsky.social · 23/04/2026New Post! Kevin Warsh and The Fate of The Fed #EconSky open.substack.com/pub/eightate...open.substack.comKevin Warsh and The Fate of The FedWhen I first encountered Kevin Warsh’s public remarks, particularly his April 2025 IMF lecture hosted by the G30, titled “Commanding Heights: Central Banks at a Crossroads,” I was struck by the florid... 012
Amni Rusli @amnirusli.bsky.social · 05/04/2026Might appeal to some loconundrum.aaronc.ccloconundrum.aaronc.ccLoconundrumA daily game: can you guess the UK rail station? 010
Reposted by Amni RusliAmni Rusli @amnirusli.bsky.social · 01/04/2026New post! Key Considerations for Monetary Policymakers Facing Economic Shocks open.substack.com/pub/eightate...open.substack.comKey Considerations for Monetary Policymakers Facing Economic ShocksRecovering from the Covid-related economic shock, and not yet having fully absorbed the Trump tariff shock, we must now contend with the Iran war. 141
Amni Rusli @amnirusli.bsky.social · 01/04/2026New post! Key Considerations for Monetary Policymakers Facing Economic Shocks open.substack.com/pub/eightate...open.substack.comKey Considerations for Monetary Policymakers Facing Economic ShocksRecovering from the Covid-related economic shock, and not yet having fully absorbed the Trump tariff shock, we must now contend with the Iran war. 141
Amni Rusli @amnirusli.bsky.social · 05/02/2026Warsh can conceal his bias so long as the risks remain balanced between the mandates. However, once the risks tilt towards inflation, he’ll face a critical decision: whether to vote in favour of immediately addressing inflation risk, or to ignore it for as long as he can to avoid Trump’s wrath 😬 030
Amni Rusli @amnirusli.bsky.social · 29/01/2026Making Nasi lemak in the rice cooker www.youtube.com/watch?v=f64n...youtube.comKenapa Nasi Lemak Cepat Keras? Cara Masak Betul Guna Rice CookerYouTube video by Che Nom 040
Amni Rusli @amnirusli.bsky.social · 28/01/2026Further loosening of US #FCI Financial Conditions Index #EconSky 010
Amni Rusli @amnirusli.bsky.social · 20/01/2026giftarticle.ft.com/giftarticle/... Tech titans lined up for Trump’s second inauguration. Now they’re even richergiftarticle.ft.comTech titans lined up for Trump’s second inauguration. Now they’re even richerSilicon Valley bosses who lined up behind the US president for his inauguration have fared well under his administration 031
Amni Rusli @amnirusli.bsky.social · 18/01/2026giftarticle.ft.com/giftarticle/... EU readies €93bn tariffs in retaliation for Trump’s Greenland threatgiftarticle.ft.comEU readies €93bn tariffs in retaliation for Trump’s Greenland threatEurope could also threaten to restrict US companies’ market access in run-up to crunch talks at Davos 030
Amni Rusli @amnirusli.bsky.social · 15/01/2026How much is genius worth? open.substack.com/pub/artjourn...open.substack.comHow much is genius worth?The value of the Renaissance masters' work: Leonardo, Michelangelo, and Raphael 040
Amni Rusli @amnirusli.bsky.social · 13/01/2026giftarticle.ft.com/giftarticle/... Do markets care about Fed independence?giftarticle.ft.comDo markets care about Fed independence?They will eventually 050
Amni Rusli @amnirusli.bsky.social · 13/01/2026giftarticle.ft.com/giftarticle/... Justice department’s probe into Jay Powell galvanises Fed leaders to repel Donald Trump’s attacksgiftarticle.ft.comJustice department’s probe into Jay Powell galvanises Fed leaders to repel Donald Trump’s attacksFederal Reserve chair could stay on board beyond this year in effort to protect US central bank’s independence 030
Amni Rusli @amnirusli.bsky.social · 12/01/2026Firstly, don’t judge Fed independence’s importance by market behaviour. Jeopardising it invites severe consequences that emerge sooner or later through multiple channels. Secondly, the US lived this nightmare before, when Nixon pressured Fed Chair Arthur Burns to ease monetary policy through 140