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Powell Vs. Everyone With Danielle DiMartino Booth

Lead-Lag Live

00:00

The US Economy Is Coming to a Scratching Stop

Powell is zeroing in on the one area of inflation that he can still say is problematic. Everything we're seeing in services surveys tells us that this source of inflation will also roll over. Powell is saying I still have leeway to continue to tighten because this particular form of inflation has yet to be tamed. It's been more than 40 years we've never had to mark any of this. Investors, I don't know a single investor that can even imagine what it would look like on the other side of marking all of this stuff to reality.

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