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What We Need Now:
A Fed Rate With An 8-Handle
I'm serious as a heart attack.
The more I read the more I know a Fed rate of 8% (or even higher) would solve a lot of problems overnight.
JPow needs to stop worrying about inflation and embrace a much higher fed rate.
An increase of 150 basis next month (brings us to 6%) and then another 150 basis points the following month (brings us to 7.5%). Then pause and see what happens.
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