"The evening's direct attack on Powell's speech continues"
I'm coming! That man is here!
Powell said:
The economy is not hurt by (current) interest rate levels
My personal expectation is that interest rates will not drop to the very, very low pre-pandemic levels
We are now looking at inflation and employment risks
Inflation work not done yet, but risks to both Fed targets more balanced
Achieving the 2% inflation target is crucial.
From the current speech, it is slightly negative. Don’t rush to buy the bottom. Leave 3 layers of bullets and wait for opportunities.
Anyway, if it goes up, it won’t go down.