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Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth
Forward Guidance
The Fed's Plan to Kill the Fed Puts
The true beneficiaries of that are very wealthy investors in hedge funds, real estate, stocks, everything. Why do you want to poke the bear if the economy is so bad? Because if we go to 5, we go to 6% and all these grim things that you haven't really released into the data yet, but that you've been tracking released in the data, then the Fed might have to cut to the interface to zero. I don't think Jack the Fed ever had to go to zero in the first place.
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