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Home Team | PBD Podcast | 213
PBD Podcast
Business Planning Workshop
Fed Chair Jerome Powell outlined two possible strategies for proceeding. One would be to quickly raise the Fed funds rate well above 5% level, broadly anticipated in financial markets and then lower it right away. Another would be to go slower and fill your way a little bit to what we think is the right level. The economy is tied with duct tape to a chair. It's like going back and forth. When I hear the Fed talking like that, well maybe I do three quarters of a percent in the middle of December or maybe I do a half a percent in January. That's what he's actually trying to see if you can get the economy to slow down a little bit at all.
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