Economist Wilson Says the 'Fed Is Going All the Way This Time'

In a speech in Dallas, Powell highlighted the strength of the US economy while acknowledging potential challenges ahead. He emphasized the Federal Reserve's careful approach to rate hikes, considering market and economic reactions. The discussion also touched on the Federal Reserve's deliberate path since the financial crisis, including balance sheet reductions and regular rate hikes. The market has recognized these actions, leading to a rolling bear market, with oil being one of the last sectors affected. The transcript concludes with a reflection on the market's recognition of these trends earlier in the year.

What does the speaker imply about the market's recognition of the Fed's actions?

According to the discussion, what has been the performance of various asset classes this year?