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No pivot!
The Compound and Friends
Fed Chairperson - Is J. Powell Going to Be Remembered?
There's only been 575 basis point rate hikes- There's a one in modern history. That makes the four that we did this year extremely rare and historic. And then they're going to hit us with another 50 or 75 in December. Scott, I know the story is still being written. But how do you think J. Powell will be remembered? Is somebody's reading Time Magazine 50 years from now? It seems like he kind of wants to be a long-term Fed chair person.
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