*POWELL: FED IS WELL AWARE OF MONETARY POLICY LAGS *POWELL REPEATS DATA THIS YEAR SUGGEST HIGHER TERMINAL RATE
Discussion
He might be aware of “the lag” on tightening impacts, but what he’s not being asked is the impact of rolling debt at an interest expense at least 5X higher than 2 years ago. Especially with the amount of maturing debt (and accelerating expenses) happening in the coming 2 years..
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He knows. Time is narrowing.
Zapped !! 🤙