If Powell tightens into a crisis, he can then pivot & safely (for him) do what central banks have always done. And most mkt participants will beg him to do it. If he pivots before a crisis & inflation accelerates, he (and Fed) are done. And he knows it.

If Powell tightens into a crisis, he can then pivot & safely (for him) do what central banks have always done. And most mkt participants will beg him to do it. If he pivots before a crisis & inflation accelerates, …

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Within a 24-hour period this week, there will be 16 central bank rate decisions, including from the U.S., UK, Brazil, Turkey, Indonesia, Philippines, Japan, Switzerland, Norway, South Africa, Egypt and Taiwan.

Within a 24-hour period this week, there will be 16 central bank rate decisions, including from the U.S., UK, Brazil, Turkey, Indonesia, Philippines, Japan, Switzerland, Norway, South Africa, Egypt and Taiwan. — Lisa Abramowicz (@lisaabramowicz1) September 19, 2022 Which #EmergingMarkets …

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