3min chapter

Forward Guidance cover image

Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Delinquency Cycle

Powell: I think we should be highly cognizant of where households are in this market. This delinquency cycle before student loan repayments begin. The studies that have shown that a lot of these borrowers went along in their lives assuming that they would never have to pay it back and took on additional debt.

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