I thought they only controlled the short end.
This article is a bunch of really complicated nothing. The biggest giveaway was 'full blown recovery now under way', like what country do you live in? Not surprised that this was written by one of the many architects of the 2008 crisis.
I give Powell credit on trying to get this done. It just might save us from a lot of future pain. I know the odds are stacked against him but he doesn’t need your Juice Rah Rah that will lead us to certain ruin. Your Station becoming sad.
Reworded ‘The Fed is losing its ability to suppress interest rates’
The fed is paying for Obama administration past economic excesses and blunders in its difficulties cleaning up its balance sheet. The new democrat house will make it even more difficult.
Worst ran private bank in america has to be the fed reserve. Goodbye fiat currency value hope you can survive 10 dollar loafs of bread on a 7.50hr job good luck America.
The FED still thinks rates should be at some magic number needed in the future. Today is not in their calculations.
Who knew he was still alive?