The Inflationary Effects of the Fed's Long-Term Capsule Management

Joseph: If the Fed hikes short-term rates at 2 and a half 3% Then that kind of rapidly increases the interest rate costs the government has to has to pay right? So that could be inflationary in that sense Yeah, so if you if instead they locked in let's say low 10-year yields then even when short- term rates went to 3 and a half percent then they still be paying 2 and ahalf percent rather than increasing their interest rate Expense with short-term Rates. Joseph is that yeah, the longer the duration the less inflationary the money printing is.