EPISODE · Nov 3, 2022 · 5 MIN
Is now really the time to be Strong?
Federal Reserve Chair Powell’s communication confused markets. A slower pace of rate hikes with a hint that tightening could slow before inflation fell dramatically seems dovish. But Powell channelled 1920s New York Governor Strong with promises of a higher terminal fed funds rate. Markets eventually focused on the hawkish tone.
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Is now really the time to be Strong?
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