Some Unpleasant Monetarist Arithmetic (guest: Jim Leitner)
The Market Huddle
00:00
The Fed's Response to Inflation
I think we've become anchored to low rates, near the fetfunds rate. Many people wo've been in the markets for the last 15 years really don't know about higher rates. So i think that there is a large risk that rates end up much higher than we expect. The fed feels very certain that they know how to crush inflation if they have to.
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Transcript
