
MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
Macro Voices
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The Fed's Political Battle With Inflation
The good news is that inflation, the Fed's going to be able to pull out the sales pitch because inflation is coming down at a rate that looks like, wow, you can make the case. The moment you get some disinflation, which we're already getting because of the banking crisis andBecause of the commercial real estate crisis and the contraction of lending, the Fed will embellish or exaggerate the propensity of inflation to keep on that down plane. But like you said, you're bringing up the most important point of this conversation. What's going to happen, or how will we know who's going to win the political battle?
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