We are very late in the game in terms of lag effects from policy decisions, specifically seven quarters since the maximum point of financial looseness, and the longest lags are nine quarters, so lag effects could still persist for another six months or so.
factualpending
Speaker
Lacy HuntEvidence Quote
“this is the seventh quarter since the financial um the maximum point of financial looseness um the lag the the long the longest legs are nine months by nine quarters so well we're very late in the game but the legs could still persist or another six months [4:41]”
Created: 8/12/2026, 6:42:20 PM
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