More comments from Feds code in the question and answer session
- Important to be cautious about interpreting yield curve inversion.
- There are many factors that impact the 10 year yield
- Encourages people to use caution and humility in interpreting yield curve shifts in these uncertain times
- Fed does not have in-house the definition of a recession
- Fed defers to NBER on recession calls
- Current economic. It is highly uncertain
- The labor market is strong
- High inflation hits disadvantaged people quite hard
- Financial system has held up against the stresses
- Fed is paying attention to both sides of the job, inflation mandate
- there is no comparison between current housing sector and 2008 crisis