Aitken: Fed will probably hike rates higher than expected in 2023
James Aitken · James Aitken – Opportunities and Risks from Monetary Policy (EP.326) · Jul 10, 2023 · at 23:00
Macroeconomic consultant James Aitken argues that the Fed's effective backstop of regional banks forces policymakers to hike interest rates even higher to slow the economy.
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“So successful has this bailout been so generous That they're probably going to end up taking the Fed funds rate to a level that none of them actually imagined when they started 2023.”
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