The Fed Needs to Push Interest Rates Higher
Should I stay or should I go?
Fed is still holding trillions of dollars of longer-dated Treasuries and mortgage-backed securities that it purchased during the pandemic.
It will take a couple years to get the balance sheet down to a level where it is no longer adding accommodation.
Bill Dudley Bloomberg 1 juni 2023
https://www.bloomberg.com/opinion/articles/2023-06-01/the-fed-needs-to-push-interest-rates-higher
CPI still rising at about 5%
https://englundmacro.blogspot.com/2023/05/cpi-still-rising-at-about-5.html
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