🗣Powell hinted at a possible need for rate hikes
▪️We could very well find ourselves in a situation where we have to make a tough decision.
▪️The consequences of policy are likely to push the Fed away from its goals. Perhaps by the end of the year.
▪️We may be able to resume easing policy next year.
▪️The supply chains of automotive companies are likely to be disrupted for years. This could lead to sustained high inflation.
▪️Tariffs are higher than even the highest forecasts of the Fed.
