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Pod 20: March FOMC, Banking Collapses, Jerome Powell, 25 bps, and the Fed Navigating Sticky Inflation

Unusual Whales

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The Fed's Mission Is to Get That Inflation Into the Box

The Fed has hinted many times that they would probably be okay with a full percentage increase in the unemployment rate. The cost of living is very, very high and we have not seen a structural inflation issue like this in decades. If you if you looked at core PC since the since the early 90s until now it's been basically well behaved within like two to two and a half percent range. But this time, it is really out of bounds and off sides. So that really, really limits the feds degrees of freedom.

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