Surveillance: UK Credibility with Diamond
Bloomberg Surveillance
00:00
The Fed Is Probably Going to Overshoot a Bit
I think where i would fault the fed right now, as i don't think they've been realistic about the pain that they're actually boing to cause. There's never been an example ofte unemploer rate rising from three and a half % to four point four %. Point nine per centage point rise is ended up in a full blown recession. So i think the fed is understanding the pain involved. What worries me then is that people will stop pressure te fet not to fall through. And this is the point of the column that you wrote to day, that there seem to be some doubts in your mind and in markets minds right now. If the market had a mind
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