ICMS' Wright Sees Feed Moving on Balance Sheet Reduction

The transcript discusses the Federal Reserve's plans to continue hiking interest rates and reduce its balance sheet, despite current wage pressures and market volatility. It highlights the Fed's concern over financial imbalances and its focus on asset price inflation. The discussion also covers the impact of European news on the treasury market and the Fed's comfort with current market reactions. The Fed's shift from consumer price to asset price inflation is emphasized, indicating readiness to take action.

In what ways is the Federal Reserve shifting its focus in terms of inflation?

What implications does the Federal Reserve's discussion of asset price inflation have for the market?