SPLG - To Volcker Or Not-To-Volcker? That Is The Question

• Yesterday, the Federal Reserve raised the range for its policy rate of interest by 25 basis points initiating a phase of policymaking more to the restrictive side of the chart.
• And Chairman Powell and the Federal Reserve provided some information about how its policy rate of interest might move over the next two years.
• Still, there is concern that these moves are not enough to really fight inflation and very little information was provided about how the Fed might reduce its securities portfolio.
• Some analysts are comparing the current picture with the time, 40 years ago, when Fed Chair Paul Volcker was fighting inflation of a similar level.
• At the current time, however, it seems unlikely that Mr. Powell will come anywhere close to leading the Fed in the way that Mr. Volcker did.

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