Get inflation under wraps or are we holding on for a longer time? Ryan Smith
2 Sept 2023 · 1 min
0:46
In this segment, Ryan Smith reflects on the Federal Reserve’s likely path forward, warning that the Fed may overtighten before rescuing markets with a future round of quantitative easing (speculated as QE round 27). He challenges the common assumption that a Fed pivot will instantly revert the economy to the ultra‑low‑rate, high‑growth environment of 2021‑22, arguing instead that the next phase will be more “normative” and less dramatic. Smith suggests that the current monetary cycle—characterized by tighter policy—could be a longer, more stable period, which he would prefer over a return to the previous era of cheap, easy money.
