“And so it's difficult to see the Fed meaningfully bringing…” — Chat With Traders at 27:06
“And so it's difficult to see the Fed meaningfully bringing down inflation from here. By the way, we're still well above the Fed's target. Yes, we're well off the 7%, 8%, 9% highs of 2022. But the Fed's inflation target is 2%. To get the type of return to inflation at 2%, you really need to see demand destruction. And…”
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