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Powell and the Markets Talk Past Each Other

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  • #Inflation #CapitalMarkets
Mohamed A. El-Erian
@elerianm
(Author)
www.bloomberg.com
Read on www.bloomberg.com
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The Fed needs the markets to help it bring down high inflation, but they tend to hear only what they want to hear.

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Sven Henrich @northmantrader · Dec 2, 2022
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Nice job @elerianm highlighting an imaginary conversation between Powell & markets talking past each other. Talking tight yet soft landing at the same time in effect loosens financial conditions. You can't have it both ways. Goes straight to credibility.
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