They cut rates to zero at the second straight emergency meeting on March 15.
Powell: "There is no useful purpose to be served in holding back today."
"W are not out of ammunition. Far from it." www.federalreserve.gov/monetarypoli...
stayathomemacro.substack.com/p/jay-powell...
Or is the bet that the fallout lands squarely on the next president’s lap? If so, it will take forever for the Fed to wrestle high inflation back to 2%; if you think it took a
Or is the bet that the fallout lands squarely on the next president’s lap? If so, it will take forever for the Fed to wrestle high inflation back to 2%; if you think it took a
Now, picture a “Trump-dependent” Fed instead of a “data-dependent” one: rates stay artificially low, inflation spirals.
Now, picture a “Trump-dependent” Fed instead of a “data-dependent” one: rates stay artificially low, inflation spirals.
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
Great message for global markets/investors in dollar assets...