Justin Lahart

speaker

1,185 appearances 22 recordings 1 series first heard Jul 2017 last heard Dec 2024

Justin Lahart’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Dow Volatility: Will the Fed Dial Back Rate Increases? · 8 Feb 2018 podcast

So the idea is that the Fed is there to give you insurance on the downside.

Yeah, those could be very different.

You know, if we think about last year, the Fed came into last year.

They said that they were going to raise rates three times.

Nobody believed them.

And then, in fact, they did raise rates three times.

So the Fed is really even the Fed's own projections aren't necessarily going to predict what it's going to do.

It's very dependent on the economy.

Right.

But we have seen that when things get really hairy in financial markets, they will either step in with a rate cut or they will dial back their expectations for raising rates.

Yeah, I think that's the thing that people are skipping out, might be skipping out on here.

First thing, the market went up so much, especially in the last month or so.

This sell-off only got us back down to, at worst, early December.

And now we're in January again.

That isn't the thing that the Fed is going to worry about.

And I think what's important to think about is why does the Fed react to the stock market?

And there's been some research on it.

And one of the things people might say, oh, well, the Fed thinks the stock market is really good at predicting what the economy does.

That doesn't seem to be what the Fed is doing.

Instead, the Fed worries that a falling stock market can hurt the economy, either because investors, people are going to be worried they're not going to spend as much money, or because companies are going to be worried because they can't raise money as easily.

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