πΊπΈ FED'S DALY:
π£ WE NEED RATES TO BE NEUTRAL - CNBC INTERVIEW.
π£ THEN WE NEED TO LOOK AROUND AND MONITOR INFLATION, [THE BRAWL], CONSUMERS AND THE SLOWING ECONOMY.
β οΈ I SEE A COUPLE OF RATE INCREASES OF 50 BASIS POINTS.
π£ WE KNOW THAT WE WANT TO REACH 2.5% BY THE END OF THE YEAR.
π£ I SEE THAT THE NEUTRAL RATE WILL BE ABOUT 2.5% IN NOMINAL TERMS.
HIGH INFLATION HAS BEEN GOING ON FOR TOO LONG.
I DON'T MAKE PREDICTIONS BEYOND THE NEXT TWO MEETINGS BECAUSE I DON'T KNOW WHAT THE DATA WILL BE.
π£ WE NEED TO CONTINUE TO SEE A SLOWDOWN IN THE ECONOMY AND SOME REAL PROGRESS IN THE FIGHT AGAINST INFLATION.
OTHERWISE, WE WILL NEED TO RAISE RATES UNTIL WE REACH A NEUTRAL LEVEL, AND THEN LOOK AROUND.
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