▫️ Two Fed chairmen are more concerned about inflation risks than the labor market. ▫️ Most Fed chairmen believe that the risks to the Fed's dual mandate are balanced (labor market/inflation). ▫️ The Fed may keep monetary policy at a restrictive level if the economy remains strong. ▫️ Several Fed chairmen propose halting or slowing balance sheet contraction ( #QT ) until a decision is made on the US debt ceiling. ▫️ Inflationary risks have increased. ❕The Fed intends to make further progress in the fight against inflation before cutting interest rates. ▫️ There is potential for significant fluctuations in Fed reserves.
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