The Federal Reserve's Money Supply Problem | The National Interest
The contraction of the money supply and the slowing pace of the economy is a dire signal for the Federal Reserve to change course.
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The contraction of the money supply and the slowing pace of the economy is a dire signal for the Federal Reserve to change course.
Fed rate hike: In response to Powell's comments on interest rate cuts, the dollar also declined against other major currencies, though it later in the day it reversed some of those losses., Markets News, Times Now
After a series of large interest-rate increases last year, Powell and his colleagues are slowing the pace, while noting that they are still pushing higher.
Yesterday morning investors were in trouble. The last six months were the worst in the stock market since 1970. As for the bond market, they were the worst since George Washington was president.
It's doubtful that the Jerome Powell Fed will take the Paul Volcker approach, and raise rates above the rate of inflation.