In 2022, market participants needed to listen to Fed governors in real time (not just Powell) because governors were communicating that rate hikes were coming when Powell was still emphasizing transitory inflation; governors were signaling a more hawkish stance than the chair.
factualpending
Speaker
Jeffrey ShermanEvidence Quote
“during '22, I I 'You need to actually listen to the right now because everyone's telling you they're going to hike rates. You know, so forget what Powell's saying about transitory, it's coming. [15:28]”
Created: 8/12/2026, 10:36:49 PM
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