5min chapter

Odd Lots cover image

Viktor Shvets Declares Victory for Team Transitory and the Soft Landing

Odd Lots

CHAPTER

Is There a Balance Between Federal Reserve and Other Central Banks?

If inflation comes down much more rapidly than they expect, it's plausible that we could get cuts even in the absence of recession. The Federal Reserve restarted QE and was cutting rates about five months before COVID wasn't even there. And therefore this idea that we're permanently reprising capital, cheap forever is just nonsense to me.

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