Fed's Barkin

That's an interesting comment. Is the thinking here that the Fed would somehow learn from its mistake? Because it certainly wasn't a mistake to cut to zero in the financial crisis.

There's also a good argument that we're still living in a disinflationary world, especially given the rise of generative AI.

Other comments:

  • Hope that rates can stay at a 'neutral, normal' level for some time, that would be healthy for the economy
  • Commercial real estate strain appears focused in B and C quality office buildings in downtown areas, not the entire sector