The Fed Lag and Mortgage Rate Dilemma
Bloomberg Opinion
00:00
Fed Chair Jerome Powell's Dilemma
The lodestone for the Fed remains inflation, and as long as that is at the elevated level. If it does come down strongly from here, if we do get a return to the disinflationary trend,. then the Fed could be willing to switch to an easiest debt bias. And also why equities could face a bit of a double jeopardy, hate because rates might be higher than they think.
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