Closing Bell: Fire in the hole! Stocks plummet on Powell speech 8/26/22
Closing Bell
00:00
Is the Fed Going to Predict a Positive Turn in Inflation?
The Fed is acting as if it's again a one mandate fed, except the mandate is whatever takes on inflation. In order to have sustainable maximum employment, you first need stable prices. Thankfully, inflation expectations are anchord, five yeur, fourr five yeur break evens. But thefed doesn't want to play with that. It's going to stay in a volgaresque structure for a lot longer than people probably think.
Play episode from 07:30
Transcript
