Ken Tower Hard Quotations

At this moment the Fed would like to stop raising rates. But if the employment cost index shows too much wage inflation, then the inflation hawks will make it hard for them to stop.

The Fed is going to have a hard time stopping their (rate) increases if the economy seems to be gaining strength.

The Fed is going to have a hard time stopping their increases if the economy seems to be gaining strength. I think the Fed will have a very hard time talking down the inflation hawks if the data comes in stronger than expected.