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3min chapter
Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth
Forward Guidance
The Role of J. Powell in the Fed Rate Hiking Campaign
I think the top dot is J. Powell, believe it or not. It's his legacy. And he speaks and measured tones. But how many times does a guy have to repeat the title of Paul Volcker's book over and over and over again? He will complete the task until the job is done. I think that your higher terminal rate should also reflect the synthetic tightening inherent in quantitative tightening,. especially now that we don't have Treasury Secretary Yellen emptying out the nation's checking account."
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