Is a Volcker-like series of rate hikes in the cards?
Is a Volcker-like series of rate hikes in the cards?
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Is a Volcker-like series of rate hikes in the cards?
Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media
The Wall Street Journal reported moments ago: In an extraordinary weekend intervention, the Fed announced the most dramatic expansion yet of its lending, promising to lend for up to six months to securities dealers under terms normally reserved only for tightly regulated banks.
The Great Inflation was the defining macroeconomic period of the second half of the twentieth century. Lasting from 1965 to 1982, it led economists to rethink the policies of the Fed and other central banks.
The monetary death march continues. The Bank of England’s fourteenth rise in interest rates is unscientific, unnecessary, and underestimates the powerful global forces washing over these islands.