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Fed Chair Powell Says Goodbye To Era Of Easy Money | Jim Bianco & Joseph Wang
Forward Guidance
The Role of Forward Guidance in the Fed's Hiking Cycle
The Fed has three tools: interest rates, the balance sheet and forward guidance. Jim Cevallos says that at this pointforward guidance is most important because they haven't done a whole lot so far. But he argues it's also hamstrung them when things move rapidly as inflation does. The mistake was made last year with transitory inflation; what they're doing now should have been started 18 months ago.
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