Dominique Dwor-Frecaut on How the Fed is Setting Policy and Why an 8% US Interest Rate is Likely
Macro Hive Conversations With Bilal Hafeez
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Inflation Policy
The idea that, you know, we are not going to have inflation policy is restrictive because the neutral interest whe astar is low has no logical or empirical basis. The d has lost its intellectual mooings, if you will, and so it follows the market, and the marquet reacts to data,. So we are going to repeated cycles where data comes out strong, which makes us, given everything weve said earlier, but inflation and growth, thema starts pricing more than what the fad has previously announced. And with we've gone through a couple of those cycles, and i think this is what we're going to see until the end of the year, probably until there is
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