Surveillance: Fed Expectations with Hatzius
Bloomberg Surveillance
00:00
Fed Rates Rise to Wat and Hold for How Long?
"I don't think three and a half is the top, nor do i think necessarily we're going to hold it for several years," he says. "The real question is how does this labor market dynamic play out? You can make a very, very strong demographic argument that the labor market stays tight throughout the entire period in here." He adds: "A quick return back to the zero intrestrade environment that we've been anticipating...is going to require some kind of credit event".
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