Castles in the sky?
” The 2013 â€œtaper tantrumâ€ also provides a reminder that the impact of balance sheet policy on financial conditions is uncertain and could be larger than our baseline estimate. We doubt the impact would be as large todayâ€”in 2013 markets misunderstood tapering as implying earlier rate hikes, whereas today markets would likely view earlier tapering as implying later hikesâ€” but the risk is worth considering”
You can’t be saying that (if) you’re the president. That’s from Anderson, a 21-year-old student from Coconut Creek, Florida. See Anderson understands something that Dominique (who I introduced