Everyone knows that Powell is a chicken and he would pivot especially before elections. Long inflation.
Fed Did a Good Job Stoking Inflation
Posted 28 July 2022 - 08:04 AM
Posted 28 July 2022 - 09:17 AM
First cut is the deepest, US10YR at 2.66%.
Posted 28 July 2022 - 09:18 AM
Powell worries more about his popularity than Americans subjected to double digit inflation for many years.
Inflation lasts a decade or more. Recessions are over inside a year. But as you said this is an election year.