Is the Fed Late to Tighten?

Dariusz Kowalczyk: It's our view that the fed is very serious about this, this sort of a sort of policy tightening dynamic. If anythinguowi, it's really just a function of, there you go, back to august 20 20. They've adopted a no average inflation targeting frame work and they're accomplishing it much sooner than i think anyone at the fodal reserve or any of us investors would have thought going back to that time frame. He says even though their balance sheet has shrunk, maybe even shrinking their asset purchases could be bad for the stock market until the Fed starts taper tantrum.