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Liquidity Has Fallen Off A Cliff | Joseph Wang & Michael Howell
Forward Guidance
Idzum Out a Little Bit, Joseph, Could You Speak to the Fed's Appetite to Moderate Inflation?
i think the federal reserve was very serious about inflation when you had bi to invite cherpo to the white house, set him down and talk to inflation. i suspect that a now, charpa has enormous resolve, and he's going to slowly massage the market towards a higher rate path. Equities, it really kind of doesn't really matter too much into the mechanics of the real economy,. in the sense that it does go down a lot, actually helps the fed.
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