Rally Over Or Just Beginning? Stock Market (And Sentiment Results) (SPX) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Bill Ackman Makes U-Turn, Bets On Rate Cuts, Possible Hard Landing seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
a0 years in december, with inflation hitting 7% year on year. that is well north of policymakers 2% target. at the beginning of the pandemic, the us fed cut interest rates to almost zero in a bid to protect the economy from the effects of coronavirus, and they ve stayed there ever since. fed chiefjerome powell has pledged to keep inflation in check by raising interest rates and could confirm this week that the first of those will come in march. joining me now to discuss is thomas hoenig, seniorfellow at the mercatus center. he was also president and ceo of the federal reserve bank of kansas city, among other roles. thomas, good to talk to you again. so the fed today, your thoughts. what willjerome powell say? he has so far been very good at steering us all on what is ahead. thomas, can you hear us? i don t know if he can