Why Such A Disconnect Between Inflation-Focused Fed And Pivot-Yearning Markets?
December 05, 2022 at 06:21 AM EST
It is hard for young traders to relate to the Volcker Fed of the late-‘70s/early-‘80s. Powell’s current focus is on inflation – the way Volcker’s was. The disconnect between Powell and markets has the potential to hurt the latter next year.