Hawks vs. Bulls: The Fed Clashes With Optimistic Investors
The Breakdown
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Introduction
The Fed's job has now entered a much harder phase. Inflation is clearly moderating, but financial conditions are loosening significantly as Wall Street sees all those things too. We have been in the most aggressive monetary tightening cycle since the early 1980s. This is of course in large part due to the Fed's slowness in responding to rising inflation in 2021. They more or less force their own hand with their insistence on the narrative that has become infamous of transitory inflation.
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Transcript
