
Sorry Patrick…(guest: Harris Kupperman aka Kuppy)
The Market Huddle
00:00
Fed Funds Rate
The more he panicked by raising rates quickly now the more likely he would have to panic on the other side and lower rates later when he causes the inevitable crash or recession. The faster that you go if you go at 75 BIPs a clip there's a greater chance that you overshoot it because let's remember monetary policy acts with long and variable lags. In essence his chance of achieving a soft landing or even like any landing is diminished by the more aggressive he is. He might just stop raising rates but it may not change the inevitable thing that a recession will still come.
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