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Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)
Forward Guidance
Fed Meeting - Is Powell Going to Push Back on Financial Conditions?
"I was expecting more of the same. I was expecting Powell to say, we were going to hike higher," he says. "There is no ceiling basically until, you know, we say it's over." He also said that financial conditions did not change since the December FMC meeting,. In my opinion, as a professional, Jim, I'm curious in your opinion, that I think they have ... The stock markets got up, credit spreads have zero!"
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