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The Fed is playing a game of political maneuvering. We know that the Fed Chair is appointed by the President and confirmed by Congress. There is also the issue of Chairman Powell's term coming to an end early next year.
In this video I discuss how what the Fed is saying, especially the Chairman, and what they will do are two different things. Let this play out a few more months and the tightening rhetoric is going to die down. Powell simply does not want to upset the markets because he is trying to keep his job.
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