Rebecca Patterson has a message for Fed Chairman Jerome Powell: It’s time to get even more hawkish
Rebecca Patterson has a message for Federal Reserve Chairman Jerome Powell: It’s time to get even more hawkish.
The chief investment strategist at Bridgewater Associates, the world’s largest hedge fund, says interest rates will need to rise a lot higher than Powell thinks in order to tame inflation. The aggressive policy tightening that’s expected will continue to lift yields of all maturities, which helps explain why the firm is shorting Treasuries across the curve.
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