Why The Fed Is Losing It--Control Of Fed Funds Market, That Is

Losing control of fed funds simply wasn’t in the plan. It’s hard to argue there’s no need for “accommodation” when it’s on every front page. So, Powell addressed these burdens by embracing yet another easily disproven canard. That way, he still gives out the planned second rate cut while maintaining how it wasn’t really necessary.

 

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=350044&preview_id=350044&preview_nonce=b32592aa2d&preview=true

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.