Former New York Fed President: The Fed’s chances of pulling off a soft-landing “are very, very low”

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How the Fed Just Spooked the Markets

  • Fed Governor Lael Brainard and San Francisco Fed President Mary Daly spoke Tuesday, emphasizing the central bank’s commitment to fighting inflation through higher interest rates.
  • “It is of paramount importance to get inflation down,” Brainard said.
  • Raising rates “is what is necessary to ensure that again, [you] go to bed at night, you’re not worrying about whether prices will be higher, considerably higher tomorrow,” Daly added.
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