MacroVoices #367 Luke Gromen: USD Update in the Wake of SVB Collapse
Macro Voices
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Is the Fed Going to Lose Control of the Treasury Market?
Eric Liu: The Fed's mission is to continue a hiking cycle until they break something. I think, gun to my head, that's it because I think they don't want to create more of a problem again in the treasury market. And so because I don't think the Fed wants to lose control of the treasury market and they are quietly close to doing so, I think, I think they're done. Inflation doesn't go away. We continue to see that inflation is probably going to become a bigger political issue. You're going to see more inflation that's going to be reported as big news for consumers.
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