Surveillance: Tech Appetite with Young
Bloomberg Surveillance
00:00
The Negative Effects of the Fed's Transitory Decision
There's no residual inflation pressure waiting to leap back if they stop raising rates for three months. We have a much clearer idea in early fall of the lagged impact of their cumulative actions, but don't seem to be taking very seriously with this reliance on short-term data. They've raised rates 500 basis points in 15 months. It's been super aggressive. And actually, J. Powell said at the last press conference, we're tight. And you just got to wait for that to work its way through.
Transcript
Play full episode
