- We want markets to focus on the end points for rates
- any future QE he will depend on what kind of shock
- still have a large number workers, largely women, out of the workforce
- starting to worry about long Covid
- Covid may be having a bigger impact on labor force and then would have thought
- how high rates need to go will depend on inflation
- no point in giving a number 4 expected level for rates. It will depend on data
- we are not seen the typical trade-off between driving down inflation and causing job losses
- with the job market strong, don't be afraid to get inflation down
- there is a lot of debate on how fast inflation will fall
- it makes me nervous that companies are building in a lot of wage growth
- that will help to keep inflation high
- him him him him him him him him him him him him him him him him
- today's inflation is much different than 1970s
- we know a lot of this inflation is due to demand, and Fed can affect that
- we know we cannot back off of this fight
Interesting comment on Covid by Fed Gov. Waller.
Waller 3 ignites Reaganites and the idea of fighting inflation to the death
Stocks are heading lower:
- The NASDAQ index is now down 192 points or -1.69% at 11167
- S&P index is down -33.43 points or -0.86% in 3957.48