Joey Politano on Fed Policy, Inflation, and the Current State of the US Economy
Macro Musings with David Beckworth
00:00
Is the US Economy Resilient?
It's been remarkable the Fed has raised its target rate 450 basis points, 4.5%, likely to go beyond that here soon. The fact that we've been as resilient as we've had does raise some questions. Is the economy less susceptible to interest rate, you know, changes? We were more intangible capital. Whether this is a natural reopening from the pandemic or part of this result still remains to be seen.
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