Ed Yardeni Sees Interest Rates ‘Back to Normal' at 4%-5%
Youtube·2026-08-19 20:47
Ed, we've lived with a lot. We've lived through a lot. Certainly, since the pandemic, this market's got through a lot.I recall a conversation I had with Bill Dudley, the former New York Fed president, went early on coming out of the pandemic. He was talking about Fed funds that might need to get to 5%. And at the time, it sounded absolutely crazy because if you said to anyone in this market, the Fed would take rates to 5%, they would expect the economy, both the economy and the market, to crater.And that th ...