[Verse 1] I got three questions for the Fed Keep this straight in my head How does a cut in the real rate Make demand jump out the gate? Cheaper to borrow Build Expand Firms draw lines in the sand “I’ll take that project It now pays” Investment up in a haze Money moves Searching yield Flows across every field Lower home rate? Some cash departs Weaker currency Stronger exports charts Households feel that forward shove Tilt to now from later love MPC kicks in on cue “You know what? Let’s spend a bit too” [Chorus] Three questions ’bout the source of the power Who moves the market Moment by hour? Cut that rate Watch demand climb higher From a small little number to a wild brushfire Three questions keep me up at night Chasing how they bend the flight Of every plan in my head All eyes on the Fed [Verse 2] Next up How nominal cuts feed through Into the real that hits you Write it down Keep it tight R equals i minus pi That’s right If expected pi doesn’t flinch Real falls more than an inch Because inflation’s sticky in the mind Expectations slow to unwind It’s not just stores that barely move It’s how your forecasts barely groove Sticky story in what we think Not just tags on the shelf in pink So trim i Leave pi the same Real rate drops in the game That's the channel That’s the play Hidden in a single day [Chorus] Three questions ’bout the source of the power Who moves the market Moment by hour? Cut that rate Watch demand climb higher From a small little number to a wild brushfire Three questions keep me up at night Chasing how they bend the flight Of every plan in my head All eyes on the Fed [Bridge] Last one How do they push that key? They work in the wires you never see Tap on the rate that reserves can earn “Stay or go?” let the banks discern Drop that payoff on the screen Suddenly lending looks more green “Why park cash when I can roam?” Credit walks out of its home (hey!) [Outro] Three questions One bright thread Tracing power back to the Fed Real Then nominal Then the switch they press Hidden in the numbers Loud in the rest
