Feb 15, 2023 1 min read

Dr Ed's Video Webcast 2/13/23

Dr Ed's Video Webcast 2/13/23

Perversely, the financial markets’ vote of confidence in the Fed’s ability to subdue inflation without getting the economy into trouble represents a threat to those very efforts, in Fed officials’ eyes, loosening financial conditions as the Fed tightens them. So Fed officials have been trying to squelch investor optimism.

Below is exclusive early access to Dr Ed's Webcast for paid members. This post and video will open to the public on a later date.

A close look at the data relevant to financial conditions reveals them as tight, but in a good way—tight enough to bring inflation down without a recession but not tight enough to provoke a credit crunch that results in a recession. We continue to stand behind our disinflationary soft-landing forecast.

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