Listen: Jerome Powell, Catherine Ram Pell, FED discussed on Marketplace with Kai Ryssdal
"And that's something left to watch again with this inflation thing, I think it's really interesting. We saw Jerome Powell come out and talk this week, and he really. Seems like a man who everything is coming up the way he planned it. You know, he's he said a couple of weeks ago that the fed was anywhere near getting the neutral rate, which means more rate hikes, higher interest rates, and that really kinda scared some people and then got a little shook, but he really came out and double down on this. And he just kind of seems like a man who feels like he knows exactly what he's doing. He's doing everything right? Catherine real quick before we go. It looks like we are on track for another interest rate increase next month. But then maybe after that a pause, what do you think? Well, the fed has been trying to raise rates very slowly not spook markets. And there is some debate about how quickly they should be raising rates, it, it seems likely that we'll continue you know, at a relatively steady pace. The feds job is to take away the Punch Bowl the economy seems quite strong English to take away the Punch Bowl just as a party gets going, right? The economy seems quite strong. We've had a huge fiscal stimulus this year. And you couldn't understand why inflate. Hawks might be worried about future inflation, even if we're basically at our target. Now, we haven't exceeded it. And All right. I didn't point out the the Joe the German pal actually mentioned the growing US fiscal deficit the budget deficit protein twenty three trillion dollars. And that's something. I think people really need to keep their. Yeah. And we'll talk more about that. Thanks for joining me, Catherine ram Pell the Washington Post and Dion Rabbo and of Yahoo finance. Thanks, guys. Thanks on Wall Street TGIF a mixed day. After a volatile week details when we do the."