Surveillance: Fed Tightening with Carpenter
Bloomberg Surveillance
00:00
What the Fed Thinks Is Neutral?
A strong dollar means all your imports are a little bit cheaper, and that disinflationary. A powell characterize where rates were after the last hike, is neutral. I don't think powell believes it's at neutral. Patrick, how useful is this conversation around neutral? Neutral such a fuzzy concept,. But it does guide the fed and what they're trying to achieve while they're iguess driving half blindfolded.
Play episode from 20:31
Transcript
