Nomura's Subbaraman Says Get Used to Higher Rates

The video discusses Mr. Powell's testimony and its implications for the US Treasury and interest rates, highlighting the potential for four rate hikes this year. It addresses inflation concerns and the need for timely policy responses to avoid negative growth impacts. The discussion also covers the US dollar's impact on global markets, particularly emerging markets, and the risks associated with credit markets and economic stability.

What does Mr. Powell mean by 'tough love' in relation to the market?

What potential risks does Mr. Powell identify regarding the credit markets?