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A Dilemma Of The Fed’s Own Making | Danielle DiMartino Booth & Joseph Wang
Forward Guidance
The Market Cannot Handle Tightening
The 10-year treasury note just hit a whopping 3% for the first time, I think, since 2018. So what do you make of that? Well, I mean, Jay Powell got what he wanted, right? He wanted 3% in 2018. He just had to wait a few years to get it. You can't tell me,. OK, the market couldn't handle tightening when corporate debt was 10 trillion outstanding February 19, 2020. $2 trillion later, it's going to be just fine. How, why? Tell me how?"
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