Quite a Bit of Credit Tightening in Pipeline: KPMG's Swonk

The transcript discusses the Federal Reserve's uncertainty about the extent of credit tightening in the pipeline and its willingness to take necessary actions to moderate the economy without causing a severe downturn. It highlights the importance of maintaining higher interest rates to avoid a policy reversal amid ongoing inflation. The conversation acknowledges the difficulty in quantifying the impact of tightening and the challenges faced by the Fed in managing these unknowns.

What does the Fed indicate about credit tightening in the pipeline?

What is the speaker's view on the Fed's ability to avoid a deep freeze in the economy?

Why is it important for the Fed to keep rates higher for longer?

How does the speaker perceive the current state of inflation?

What challenges does the Fed face in quantifying the current economic situation?