The Fed and the “Buy-the-Dip” Mentality
We examine the "Fed put," the evolution of the Fed's reaction function, Fed funds estimates under varying inflation conditions, and scenarios that could prompt the Fed to adjust current policy.
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George Jiranek, CFA, is an Investment Strategist on the Global Macroeconomic Research Team at PGIM Fixed Income and is responsible for tracking global economic and financial developments. Prior to joining the Firm in 2017, Mr. Jiranek worked as a research assistant in the International Finance Division of the Federal Reserve Board of Governors. He received a BA in Economics and a BA in Mathematics from Boston College.
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