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MacroVoices #288 Paul Krake: Mega themes for 2020s

Macro Voices

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Are We Going to Get to the Feds Unemployment Targets by Year End?

i haven't heard a fed official in six months tell me a good reason why c e is good for the real economy. i would argue that they are raising rates into a slowing growth environment. How long do rates stay at zeroor, very close to zero? I think it's a considerable amount of time. And again, my structural disinflation biases are coming out thick and fast here. If you've got a recession, if you have recession in 20 late 23, going into 20 24, this will be the first recession that we go into where we have zero interest rates. There's more questions than answers, right?

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