Legacy and Inflation
The discussion revolves around the potential for interest rates to remain elevated as concerns about inflation persist. There's a strong belief that the current Fed chair is wary of repeating past mistakes, particularly the legacy of Arthur Burns. Additionally, the uncertainty surrounding a possible Trump win is contributing to an increase in term premium, as investors seek higher compensation for holding long-term debt amidst fluctuating market conditions.In this clip
From this podcast
Odd Lots
Harley Bassman on Trump, the Fed, and the Bond Market
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