The notorious pranksters, Vladimir Kuznetsov and Alexei Stolyarov, who go by “Vovan” and “Lexus,” got Jerome Powell to make a series of shocking admissions during the call.
Powell joked about having a printing press in the basement and claimed the Fed will hike rates two more times.
“The market is already pricing in two more quarter percentage point rate hikes. We’ll look around after we make those two and we’ll say should we do any more, and then the question will be how long do we keep rates at this level – and I think we’ll keep them there for quite some time,” Jerome Powell said during the call which reportedly took place in January.
"The home market's gonna be just fine."