The Fed's Forecast for Interest Rates

I like a lot of people. I just think central banks are reactive to the environment that they're in, he says. People got very nourished on bonds after financial crisis because they thought it was going to create inflation. Now if that policy changes and we're heading back to austerity, yeah, I think the central bank is becoming rates-hierarchical. He adds: Austerity is literally dead, no one wants it, and we want changes. We're going to get deep into this in your third trade, in your third idea, having to do with bonds - but just curious how the latest from the Fed is shaping your outlook.