fed fomc Macro Tourist

Macro Tourist Presents: The Most Important Chart In The World

August 6, 2019August 6, 2019

Read more from The Macro Tourist I firmly believe that Jerome Powell took office with the idea of knocking the financial excesses out of the market, but was scared off by Wall Street and Trump. Powell thought the costs associated with cleaning up the Great Financial Crisis after the crash far outweighed the benefits of letting the bubble develop in the first place. He was determined to raise rates and stop a bubble before it gained too much of a foothold. So when Powell took over as Fed ch

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One thought on “Macro Tourist Presents: The Most Important Chart In The World”

Lance Manly

August 6, 2019 at 1:58 pms Log in to Reply

The real question is whether Powell has now started a global economic slowdown that he won’t be easily able to stop. Given the collapse in inflation expectations, rates are not coming down nearly fast enough to kick-start the economy.

Um, no the Trump trade war is way more responsible than an interest rate moves.