Surveillance: Soft vs Hard Landing
Bloomberg Surveillance
00:00
Can an Extended Fed Substitute for the Hard Landing?
An extended period of rates here or a little bit above versus pushing rates up, up, up to a higher rate level. Can extend it and can an extended Fed substitute for the migration to a higher, higher rate? Absolutely. This isn't a choice of soft versus hard landing. It's a soft landing until it becomes a hard landing. And that's why the Fed needs to be very alert to that reversal in policy, which we'd expect in 2024.
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