The Importance of a Long Term Speech

Every month it has gone up for the last 18 months, every month is this is the high, we're going right back to 2%. What this chart tells me is transitory still lives. And that's why markets get disappointed again, like we saw today because they're so desperate for this idea that the Fed is going to pivot. There isn't an inflation problem to warrant this aggressive action. Don't get too bearish on the market and even if you do, don't be negative about it. The Fed's got to stop stopping there. He's making a giant mistake I don't understand what he's doing.

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