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The Fed Hikes Until Something Breaks, Something Broke | Jim Bianco

Inflection Point

00:00

The Problem With Chair Powell's Position on Inflation

Jim Boulden: Four members of the Fed basically said, Hey, we still think we have room to hike. The market based on Fed funds futures and looking at the two year doesn't necessarily believe them. He says Jay Powell is going to have to give a speech and just say what's going to happen in May before it's on him. But he agrees with Chairman Paul that you've got to keep the inflation rate under wage growth because over half the country doesn't own spy or metamasker.

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