Who would have thought, the new Fed Chair Waller, just stepping into the highest position, would dive straight into a deep abyss.
Before even taking office, the nightmare has already begun:
Inflation is skyrocketing, oil prices are soaring, US Treasuries are crashing, and yields are completely out of control.
What was once a sure bet on rate cuts has turned into a countdown to rate hikes.
If they tighten the balance sheet, long-term bonds are heading straight for 5.5%, and debts are blowing up;
if they loosen the reins, inflation will be completely unleashed and impossible to contain.
It's a deadlock either way, stuck between a rock and a hard place.
Getting grilled before even starting the job, this isn't a promotion; it's clearly taking over a mess that no one can fix. Who wouldn't crack under that pressure?
Before even taking office, the nightmare has already begun:
Inflation is skyrocketing, oil prices are soaring, US Treasuries are crashing, and yields are completely out of control.
What was once a sure bet on rate cuts has turned into a countdown to rate hikes.
If they tighten the balance sheet, long-term bonds are heading straight for 5.5%, and debts are blowing up;
if they loosen the reins, inflation will be completely unleashed and impossible to contain.
It's a deadlock either way, stuck between a rock and a hard place.
Getting grilled before even starting the job, this isn't a promotion; it's clearly taking over a mess that no one can fix. Who wouldn't crack under that pressure?
