4min chapter

Forward Guidance cover image

Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)

Forward Guidance

CHAPTER

We're in a Post-Pandemic Economy, Right?

Inflation rates not going back to 2% because we're in a post-pandemic economy. I wouldn't be surprised if he starts talking about going to 6% at that point. We've got labor constraints, which are going to keep wages high. Russia is the biggest energy supplier in the world. Europe has the money to pay up for gas; Pakistan doesn't. And so we've got big energy problems worldwide.

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