Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth
Forward Guidance
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The Fed's Way of Raising Interest Rates
I agree with you and Edward Chancellor's new book, Price of Time. He quotes Walter Badgett, saying like, if there's one thing John Bull can't stand, it's 2%. And that being when interest rates go to 2%, people go crazy and they do all sorts of things. So I get that argument, when the Fed cuts, it doesn't want you to shouldn't cut to zero. That causes all sorts of problems. You should cut to 3% or some type of higher level, a higher floor. But why if the economy is bad as you say, why would the Federal Reserve continue to hike in July and September? I don't think they're hiking
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