The Macro Moment: The Fed's Tapering Will Be Short-Lived (Prediction)

The Fed, evidently, is going to embark upon some tapering. Many are calling for this, especially in light of the inflation numbers. Powell was hesitant to reverse course since the employment numbers are not looking so healthy.

In this video I discuss how, if the Fed does pursue this path of tapering, especially if it moves to tightening, it will be short lived. This will not go well for either the markets nor the economy. There is no reason to believe the economy is any better able to sustain this now than it did in 2018.

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