2min chapter

Forward Guidance cover image

The Fed’s "Controlled Demolition" of The Financial System | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Bernanke Doctrine: How Interest Rates Can Stay High, but the Fed Will Stop Doing Quantitative Tightening

If financial conditions ease considerably from here on out, if you see some investment grade corporate bond issuance and even junk bond corporate issuance zoom back up. That means the capital markets are open. And inflation is still high, even though, as you say, a blind monkey can tell that it's going down. I just want to close, summarize your view on how interest rates can stay high but the Federal Reserve will stop doing quantitative tightening.

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