Luongo’s idea that Powell is just playing politics by signalling a softening of interest rate policy would be more convincing if one couldn’t easily ascribe the softening to the absolute cratering of the world’s economy. In other words, the Fed is doing what it always does!
Luongo’s idea that Powell is just playing politics by signalling a softening of interest rate policy would be more convincing if one couldn’t easily ascribe the softening to the absolute cratering of the world’s economy. In other words, the Fed is doing what it always does!