JPMorgan's Michele Calls for Eight Rate Hikes in 2022

The transcript discusses the Federal Reserve's challenges in addressing inflation, highlighting the need for aggressive rate hikes and the end of quantitative easing. Bob Michael suggests a shift to cash due to negative real yields. The Fed's potential strategies, including ending QE and implementing rate hikes, are analyzed, with concerns about market reactions and recession risks.

What are the implications of the Fed's potential rate hikes on real yields?

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What concerns are raised about the Fed's ability to manage financial conditions?

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