Mark Hamrick
speaker
105 appearances
2 recordings
1 series
first heard Dec 2017
last heard Jun 2018
Mark Hamrick’s voice in public audio — every appearance, attributed to the second.
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Appearances
Your Money Briefing.
Money and market stories from the Wall Street Journal.
That's a good analogy.
I was thinking of a dance as well, because there's sort of one step forward and then a pause.
And that's really what we've been having with these rate increases.
The chairman obviously is walking a delicate balance.
That is that tightrope you referenced.
And so obviously the Fed doesn't want to make the same mistake that earlier iterations of the central bank have made in the sense of seeming to tighten too soon.
But obviously also they do not want
imbalances to build up and lead to essentially a financial crisis as we saw about a decade ago.
Yes, and I also would caution not to take issue with the chairman, but to say that we always live in uncertain times.
We have changing perceptions about the range of uncertainty that we're facing.
You know, 2006, 2005, we thought things were rosy and turned out to be just the opposite.
So there's always uncertainty right now.
However, you know, there's no recession on the horizon.
The outlook is not for a recession, you know, in the next two or three years from where the Fed sits.
And that's a pretty nice place to be, I'd say.
Well, you know, you think about the Fed either putting on the brakes or keeping the foot on the gas pedal.
Right now, the foot's still on the gas pedal to a degree because what the Fed is doing is still meant to essentially encourage further economic activity.
When you get to the so-called neutral rate, it's neither breaking nor accelerating.
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