Take Cover! Fed Heads Have Formed A Circular Firing Squad

That is what the Federal Reserve is scrambling to figure out today after a day of unprecedented miscommunication by NY Fed president John Wiliams, who as we reported on Thursday, not only singlehandedly repriced market expectations for a 50bps rate cut on July 31, but went so far as to hint that ZIRP is coming back. The fact that even uber dove, St Louis Fed president

 

 

 

 

 

 

https://www.zerohedge.com/news/2019-07-19/after-williams-communication-debacle-fed-leaks-no-50bps-rate-cut-month

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