Exploring #Hassett at the #Fed 🪑
US #monetarypolicy will be #procyclical next year, but the #economy will limit the scope for #rate ✂️ even for a Hassett Fed. #Boom in ’26 could transition to #bust in ’27.
My latest #Substack 👇
open.substack.com/pub/thinicem...
#ThinIceMacro
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