Rate hikers fear another 1978 even as 2008 comparisons get louder by the week.

#interestrates hikers and #centralbank hawks ignore failed #banks in favor of wages, Phillips Curve, and #inflation expectations. They believe the #economy has gone retro and we're stuck in 1978 when more and more each day looks too much like 2008. 

Eurodollar University's weekly conversation w/Steve Van Metre

Speech by Governor Christopher J. Waller
https://www.federalreserve.gov/newsevents/speech/waller20230616a.htm

Bloomberg: Fed’s Barkin Comfortable Doing More to Slow Resilient US Economy
https://www.bloomberg.com/news/articles/2023-06-16/fed-s-barkin-comfortable-doing-more-to-slow-resilient-us-economy

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