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4min chapter
The Price of Time | Edward Chancellor & Joseph Wang
Forward Guidance
The Rise of Interest Rates
John Bull: It's very difficult to predict the direction of interest rates. Silicon Valley Bank, which had this great inflow deposits during the sort of last gasp of the bench capital boom in 2021, you don't have money pouring into it. The VC guys coming with sort of sacks of cash and they didn't know that the Fed funds rate was zero. And if you remember back in 2020, Jay Powell, the Fed Chairman said, I'm not thinking about thinking about raising interest rates.
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