4min chapter

Forward Guidance cover image

Fed Chair Powell Says Goodbye To Era Of Easy Money | Jim Bianco & Joseph Wang

Forward Guidance

CHAPTER

The Fed's Raising Rates

Powell has been using stronger language than that. Things like the labor market can handle it. The economy is unquote, unsustainably hot as before. Powell doesn't want a 3% rally. And then I guess the real question then becomes what is going to be the longer-term market reaction?

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