Powell Still Hopes to Do the Impossible – Ep 842
The Peter Schiff Show Podcast
00:00
Quantitative Tightening and the Fed Funds Rate
The markets have lost the two primary crutches that they were relying on for support, quantitative easing and cheap money. Powell acknowledged that what was needed was positive, real interest rates. And powell believes that by next year, we will have positive real interest rates - which would mean another hundred and 25 basis points of tightening between now and the end of the year.
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