Clear As Mud: The Fed’s Policy Announcement and the Coming Economic Landslide
globalecon.substack.com
Well I was honestly a little disappointed with the Fed’s decision this past week week and with Chair Powell’s press conference announcing the decision. Along with pretty much every other economist I follow, I was expecting a .5 percent increase in the federal funds rate and an announcement that winding down the balance sheet had already begun and would continue. This was my middle-of-the-road expectation (see my earlier column:
Clear As Mud: The Fed’s Policy Announcement and the Coming Economic Landslide
Clear As Mud: The Fed’s Policy Announcement…
Clear As Mud: The Fed’s Policy Announcement and the Coming Economic Landslide
Well I was honestly a little disappointed with the Fed’s decision this past week week and with Chair Powell’s press conference announcing the decision. Along with pretty much every other economist I follow, I was expecting a .5 percent increase in the federal funds rate and an announcement that winding down the balance sheet had already begun and would continue. This was my middle-of-the-road expectation (see my earlier column: