The Fed Is a Lot More Hawkish Than People Think

Powell has been very clear that his goal is to break inflation, and if he has to break a couple of things along the way, namely a recession,. namely the financial markets, that's the price to pay to break inflation. So for those thatar arguing the fedis going to have to back offthe risk of a recession is so great, you forgot how bad inflation is. And so i think that we have to start, at least i do, from the perspective that this fed is going to be oberaggressive on inflation. Their credibility is at stake when it comes to inflation. They'll do whatever they need to do to breaks inflation. And if there is some collateral damage

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