Watch Live: Fed Chair Powell Explains Why He Ignored The Biggest Liquidity Crisis In Over A Decade
So… everything’s economically awesome (apart from the biggest liquidity crisis in over a decade) but we should cut rates? Just don’t say “mid-cycle adjustment” – they don’t like that!
Good luck explaining the Fed’s repo function (and why you totally ignored it) and data-dependency, and remember, if the market pukes while you’re talking, we know who will blame you…
Wed, 09/18/2019 – 14:25