The Fed Might Rake 75 Basis Points, Is It Really Possible?

The markets have all now priced in 75 basis points, which i know, honestly, i thought would be powell kind of looking at bidon last week when he showed up at the white house going to screw with me. Cost push inflation has no real effect on cost push inflation, other than to do dramatic demand destruction at very high interest rates. Politicians only wantever want to talk about the manpol because they always want to paint the picture of we've done such a great job managing the economy that everything is demanding that we pull prices higher. That's their story. They never want to see the other side of it.