The Fed, ETFs, Supply Chain, and Eli Lilly
Bloomberg Intelligence
00:00
The Fed's Failure to Raise Interest Rates
A year ago today, inflation was peaking at 9%. The Fed was just starting to cut and Mr. Powell and Co were promising or expecting that by September of this year, Fed funds would be peaking between two and a half percent. So if you're running an institution like SBB or anything, or even JP Morgan, and for the last 25 years, you've been told to ignore reality and ignore risk," he said. "You don't react in an irrational and conservative way"
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