Fed rate path hinges on trade off between stable banks or prices
Bloomberg/Craig Torres/5-23-2023
“Federal Reserve policymakers are increasingly grappling with a critical question: How much should they weigh the adverse impact of their interest-rate hikes on banks against the goal of containing the fastest price increases in decades?”
USAGOLD note: Stark choice…… And, in our view, it’s not just the banks that the Fed needs to be worried about.
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