Why the Fed Isn't Raising Rates Right Now

Powell: It was surprising to a lot of people that he was able to hike rates as fast as he was right and housing has even pretty much been fine. Maybe that's because of a much lower i think you know 5% of rates that are adjustable and then there's also maybe this people a greater amount of people in long duration debt as opposed to short duration debt like is that part of why nothing has really broken? He says we probably need to do a greater deep dive into why the short-term funding markets freaked out so much during the fed rate hikes through which really reached a fever pitch in 2018 when markets absolutely collapsed from an equity standpoint. Powell: The mistake started back

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