Investors, particularly cynical Wall Street analysts have always looked
at the fed's almost desire for recession and what I
think is the wrong light. The FED was willing
to risk a recession to fix a long term issue
or prevent long term issues for the economy, but
they never wanted a recession. They just recognized they
needed to have one tool raising interest rates and some
more nuanced ones with how they deal with the balance
sheet and some of the interbank transactions. But their
headline tool, interest rates was one designed to fight
inflation which it did. But now to slow job
creation and job wage uh and wage growth and they're
doing a good job with that. Their goal isn't
actually to destroy jobs or to, to slow down
the economy, to a grinding halt, but to
prevent it from overheating or from creating systemic issues that
will hurt all participants in the economy in the long 00:00:48.630 --> run.