US Federal Reserve
Recession is now a virtual inevitability.
“This is a time of testing -- a testing not only of our capacity collectively to reach coherent and intelligent policies, but to stick with them.” -- Paul Volcker
Clients have concerns about inflation. Here are a few tips to approach these conversations.
"Wall Street wisdom is that QE is immensely powerful and is stoking financial bubbles. Academics say, 'I take your $100 bills, I give you back 10 $10 bills. Who cares?'"
“The first lesson is that central banks can and should take responsibility for delivering low and stable inflation,”
The inflation storm may have passed. But don't bet on it.
What do we do in an environment where fundamentals begin to take a backseat to public policy?
Paul Volcker restored the Fed's credibility through suffering. The Fed's leadership knows that it must pursue a similar course today.
Amid rampant inflation and rising interest rates, how can we protect ourselves from interest rate volatility, from anticipated and unanticipated hikes?
Is inflation broadly distributed or confined to select categories?