The Powell Put Won't Save Stocks | Joseph Wang
Forward Guidance
00:00
The Fed's Communication With Markets
The outlook looks like taper first and then rate hikes and then maybe later tightening. But typically that the Fed doesn't do QT and raising hikes at the same time, right? That's a little bit over in overdrive. Jay Powell was trying to manage the short-term in street markets so that they won't be surprised. So I think they're pretty transparent today. You just have to realize that they're subtle in what they say.
Transcript
Play full episode
