Taylor Said to Impress in Fed Race

The transcript discusses the market's perception of hawkish policies, focusing on the Taylor Rule and its implications for interest rates. It highlights the potential impact of political dynamics on monetary policy, particularly in the context of meetings between Yellen and Trump. The discussion also critiques traditional economic theories in a post-global financial crisis world, questioning the applicability of the Taylor Rule and expressing a bullish view on bonds due to a lack of inflationary pressure.

What are the concerns regarding the sustainability of the economy with higher interest rates?

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Explain the author's perspective on inflation and its impact on the bond market.

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