This is the only headline so far from his comments. I’ll watch out for more.
I agree it would probably be less severe, in part because the Fed has 500 bps of ammo to fight it.
More:
- Try not to focus too much on short-term market moves
- Fed needs to achieve 2% target to ensure its credibility
- Accounting for implications of work-from-home still has a ways to go
- Credit card debt is basically on-trend from from before the pandemic
- Balance sheet normalization is a ‘background’ policy at this point
This article was written by Adam Button at www.forexlive.com. Source