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The US Economy and Recession Prospects
I don't know if we're going to go into recession or not. I do feel strongly that the Fed has a long way to go in keeping the policy rate at this elevated level. We've had, you know, maybe two months now, people are throwing June where monetary policy can be described as restricted. The average of it since 1960 has been a positive 1%. And we'll see how those lags kick in.