2min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Importance of Higher Rates in the Economy

There are some banks that just cannot handle more rate hikes. I don't see anything in the data that shows a re acceleration of the real economy. So they're either going, here come Fed rate cuts or you're saying, wake me up when monetary policy is normalized and we can step back into this business.

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