Ep. 156: Are Fed Rate Hikes Inflationary? Pushing Back on Luke Gromen

Murphy dissects the recent commentary from analyst Luke Gromen. Murphy argues that Luke was inconsistent, in that his arguments about interest expense (with higher rates) would mean Fed rate cuts would be Deflationary, and yet Luke argued they weren't. Murphy thinks we should distinguish fiscal from monetary policy at a conceptual level, even though in practice they can be intertwined.

Related:

- https://www.youtube.com/watch?v=9dUte6c7ZcM

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