Are We Really Going to Cut Rates and Do QE?

Joseph Lockhart: We're seeing that play out in real time. The Fed can continue to hike without worrying that these unrealized losses will cause additional trouble to the banking sector. That's not, you know, just because they went and back stopped all of these banks doesn't mean they're giving a green light to to beta. But I think they're opening up the ability to continue down the path, which they are walking down currently. And this is what we do this every single time.Lockhart: They raise rates on their own terms, and the markets make them cut rates, something breaks or the market goes against them. He says he thinks New York Fed has been setting out

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