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Jim Bianco on Fed Chair Powell's Reluctance To Discipline The Bulls (February 2023 FOMC)
Forward Guidance
Jay Powell: I Don't Want the Market to Go Up
Jay Powell was given the opportunity to push back on easing financial conditions. And he largely didn't, says CNN's Jim Boulden. He thinks that, or at least he was trying to emphasize, we're going to go to five and five and a quarter,. Well, the market's got you priced in at four, 75 to five. That has been in the message for over a year from the Fed. We'll have to see if that's indeed where he goes with this.
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