Fed Thoughts

Fed Thoughts: The Last Mile

Fed Thoughts White Paper
July 2023

Authors & Contributors

The Federal Reserve (Fed) is approaching the last mile of its rate-hiking campaign. However, we believe the path entails significant risks. The reality of recession, the threat of further financial strains and Fed officials’ differing views about monetary policy are presenting near-term challenges.

Chief Economist and Macro Strategist Vincent Reinhart describes the potential consequences of the Fed’s next moves.