Peter Boockvar: Is Fed Chair Jay Powell's Renomination on the Line?
Real Vision: Finance & Investing
00:00
Is the Fed Really Going to Take This Seriously?
Four straight months of over five % on the consumer price index, and the market really did nothing. But then you get this taper announcement, and we get a 20 basis point jump in the ten year a moving above one and a half%. And now, l of a sudden, the market's worried about inflation. Is it inflation, or is it simply the market responding to the fact that the fed is in complete control? "I think people are waking up to the factthat inflation is not so transitory"
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