Fed Pauses at 4%, But Two Governors Wanted More Hikes

The Fed held rates at 3.75%-4.00%, but two governors dissented and voted for another hike, and Chair Warsh says conditions still aren't tight. Here is what that 10-2 split means for discount rates, margin of safety and companies with heavy debt.

Chapters

(0:00) FOMC Rate Pause Big Picture

(2:21) Target Rate and 10-2 Vote

(3:45) Strong Economy, Stubborn Inflation

(4:25) Key Risks: The Bear Case

(5:04) Strong Economy, Stubborn Inflation

(9:07) The Warsh Playbook

(12:25) Financial Conditions Spectrum

(13:10) The Warsh Playbook

(14:11) Strong Economy, Stubborn Inflation

(14:52) Financial Conditions Spectrum

(15:50) Key Risks: The Bear Case

(18:15) Takeaway for Long-Term Investors

(20:25) The DeepValues Ecosystem

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