原推：Looking forward to sharing more detail tomorrow in our “In the Know” webinar. Old timers in our industry suggest that that the Fed will have to crack down harder to contain inflation. I believe that the Fed already has tripped the switch to deflation. Darkest before the dawn! https://t.co/BKxmDyr7ME
The Fed seems to be worried more about its legacy than the economy: it is ignoring deflationary and dangerous signals. Relying on lagging inflation indicators like the CPI, Fed Governor Waller is calling for another hike of 0.75% in July.