We have 3 Feds talking today at different times and seems Mester, Bullard are even more hike happy than Powell.
First Powell this morning then later Mester, Bullard. Bullard is all for front loading.
There unloading their mortgage back securities bonds ect too. They started buying more securities in 2020 so they took part in increasing housing costs. They have to know it’s gonna hurt about every sector and the WH is gonna just keep spending and do the opposite of the right thing.
Not much hope they will cool down the hikes. Guessing there going to rationalize to the public.
Ipso
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