A Little Perspective, Part II

Received a chart this morning from my good friend Ron Griess of the ChartStore.

It tickled my brain to move to think about some outside the box solutions to the dilemma Powell is facing and prompted me to tweet the following.

“A great chart of the Powell Error. The initial move of rates to 3.0 – 3.5 % level is a good start and brings rates up to where they have averaged for thousands of years. To finish the job, maybe move the roll of the balance sheet into Climate Bonds to finance infrastructure.”