Carolin Pflueger

What Carolin Pflueger has said on podcasts

26 statements

1. on Federal Reserve policy reaction functionPositiveOct 5, 2026· Odd Lots

   A well-understood Fed reaction function improves and accelerates monetary-policy transmission.

   “if the policy reaction function is well understood, then that means that as data comes out, unemployment, inflation, and so on, the policy rates will move in the direction that the Fed intended and thereby help with monetary policy transmission or maybe even speed it up before the next FOMC meeting.”

   Listen at 7:06

   Open the episode · Why Treasuries Became Risky Again
2. on Federal Reserve forward guidancePositiveOct 5, 2026· Odd Lots

   Clear Fed forward guidance eliminated dispersion in Fed-funds forecasts after late 2011.

   “after late 2011 was when the Fed came out and gave very clear date-based forward guidance. Interest rates will be at zero at least until mid-2013. At that point, all the Fed funds rate forecasts collapsed to zero and you know, you see absolutely no dispersion.”

   Listen at 13:07

   Open the episode · Why Treasuries Became Risky Again
3. on Federal Reserve policy reaction functionNegativeOct 5, 2026· Odd Lots

   In 2021, markets perceived the Fed policy rate would remain zero regardless of conditions.

   “the perceived reaction function that we saw at that time was extremely flat. So there was a perception that the policy rate would stay at zero pretty much irrespective of economic conditions.”

   Listen at 15:12

   Open the episode · Why Treasuries Became Risky Again

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.

• Oct 5, 2026Treasuries lose their safe-haven statusOdd LotsOct 5, 2026Guest