
Powell Hits Pause…For Now
MRKT Matrix
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The Legs in the Effect of Tightening
I'm not suggesting you drinking right. I'm just wondering because sometimes I wouldn't recommend it. It's a nice scotch. Neat means no ice. That's not your thing. You know what, we could have gone with it. Okay. So the whole, the crux of the message yesterday was we know that there are legs in the effect of all of our tightening. Our tightening has been sort of effective, but not entirely effective. The lag effect is what we should be concerned about,. Not necessarily inflation, but I understand what you're saying.
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