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.

 

 

 

 

 

 

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