News: Here's How I Could Be WRONG About The Yield Curve
Rebel Capitalist News
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The Fed's Legacy
Everyone thinks that if inflation comes back down, let's say the Fed's target 2%, that all of a sudden they're going to drop rates right back down to zero. Why? Because Jerome Powell specifically is really thinking about his legacy. He wants to be seen as Paul Volcker, not Arthur Burns. So what that tells us is we've got this kind of benchmark right around 5%.
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