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Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)
Forward Guidance
What's Your Thought on Why J-Pal Changed His Halt?
Jim Boulden: Is it possible that he's seen something in the data that's actually spooked him? He says we do not want to be easing off too soon. There's a risk kind of pointing back again to the 1970s and 1980s there, a Volcker where there's risk in easing too soon. So this is a bit of a different message and we'll see whether or not in speeches next week that they try to push back on this. The market heard, you're going to go to five and you're Going to stop. That's not the way the market heard it.
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