Surveillance: CS CEO Koerner Urges Patience
Bloomberg Surveillance
00:00
Did They Hike Too Rapidly?
Mike Downey: The stress in the system now tightens financial conditions and is a warning about the lag effects of monetary policy. He says it's been surprising how little impact the Fed's had up to now. Now we're seeing some effects and perhaps an extreme effect, he says. "It does have to make you a little more cautious about how far the Fed needs to go"
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