How Powell "the Un-Volcker" is remaking the Fed
A considerable gulf has opened up between the Fed’s stated monetary policy path and the market’s expectations. Ed Yardeni recently conducted a LinkedIn poll of interest rate expectations. While the poll is unscientific in its methodology, the results roughly parallel market expectations that the Fed would begin to raise rates in late 2022, and raise them several times in 2023. By contrast, the Fed’s own Summary of Economic Projections doesn’t see any rate hike until late 2023.
Source: http://humblestudentofthemarkets.blogspot.com/2021/04/how-powell-un-volcker-is-remaking-fed.html
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