
Oh! There's An FOMC Meeting This week!
The Rate Guy
00:00
Aren't They Just Going to Have Eggs on Their Face Anyway?
I don't know if we're claiming to be smarter than Powell. But what I do know is markets are telling us there's a tremendous amount of stress. This is not the time to be piling on. First Republic appears to be on the verge of survival. The argument is it's limited. And with all this massive federal intervention, the contagion is being controlled. Therefore, we need to return our focus to inflation. Can you tell me a time ever when markets responded this violently and it turned out to be a total overreaction? Ever.
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