Warsh…

Four things to ponder after his speech this morning:

1. We all want 2 % inflation.

2. We are seeing a stock market that is not driven by interest rates.

3. A declining yield curve has the Bond Guru’s in a quandary.

4. And the clincher, a probable 2027 recession will solve the search for 2 % inflation.

5. My Conclusion, for now more of the same.