MSNBC Morning Joe March 17, 2022 10:51:00
Move yesterday. the economy is on fire, joe, in every respect including inflation, which is really what is dominating the fed's thinking at the moment. i think up until the ukrainian invasion there was a reasonable chance the fed would have increased interest rates by more, by potentially 50 basis points to send a stronger signal to the market it was determined to fight inflation, but wars are not good for economies in terms of growth and things. you get supply line problems, you get disruption and so on. so the fed chose a more cautious path of 25 basis points, one quarter of a point this tim...