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


Bill Dudley



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