economy fed fomc Markets

Powell Delivers Acceptable Performance In Zurich: Highlights

"We don't have groupthink on the FOMC".

"We don't have groupthink on the FOMC".
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8 comments on “Powell Delivers Acceptable Performance In Zurich: Highlights

  1. You seem to have missed the part of his comments where he said that central banks have very little ammo left to fight any type of a downturn because interest rates are already so incredibly low.

    • i mean, that’s self-evident. it’s a truism. we’ve written hundreds of posts on the ammo problem

      • True but I listened to the entirety of his comments and the one thing that the bubblehead press completely chose to not mention afterwards were his comments that the fed has little ammo left to fight s downturn. I don’t like Peter Schiff ‘s politics but he is 100% right that the fed has already monetized the almost $3 trillion balance sheet and also the fact that rate cuts here won’t do anything.

        While I’m on the subject of limited coverage, I don’t understand why nobody ever mentions, other than Steve Leisman once a few months ago, the fact that affiliates and subsidiaries of American companies in China earn well over $350 billion a year in China that doesn’t count towards the balance of trade. If you take that into account the United States actually has a trade surplus with China and not a deficit. This entire current situation is based on a giant populist scapegoating lie.

      • Yeah , but they did not hear the first two hundred mentions and it is worth repeating it being true…..

  2. At least the head of Canada’s central bank, Poloz, resisted the ‘me too’ movement of too many central banks and remained politically independent and data dependent.

  3. Meaning Canada didn’t drop rates when the Bank Governor gave his update this week. Nice to see sanity prevail.

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