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Wishful thinking that 'Mama Bear' Fed will get it 'just right' -CIO

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1 個月前

STORY: Vogelzang said, "We think a tug of war is going on... between the power of inflation and inflation staying high, the Federal Reserve crushing that inflation and potentially throwing us into a recession because of that - or, will the Federal Reserve become Mama Bear and get the Goldilocks recovery, so they slow the economy down enough to tame inflation but not so much as to kill the economy or to push us into a recession.... I think the market today is very solidly behind the Mama Bear outcome here... where we have the path forward. We think that's a bit premature. We still think the path potential is for recession and lower or more weakness in the economy."

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