Fed Is ‘Really’ Out Of Firepower. ‘Only Government Spending’ Can Save Country, Bill Dudley Warns

Fed Is ‘Really’ Out Of Firepower. ‘Only Government Spending’ Can Save Country, Bill Dudley Warns

"If the Fed managed to push that down by another 0.5 percentage point, what difference would it make?," Bill Dudley wondered on Wednesday, in an irritable Op-Ed for Bloomberg. Dudley was referring to mortgage rates in the US, which are at record lows around 2.8%. For what it's worth, I asked the same question earlier this week in "Diminishing Returns And Fears Of The Unacceptable." Dudley answered his own question. "Hardly any. The housing market is already doing very well." His broader po
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One thought on “Fed Is ‘Really’ Out Of Firepower. ‘Only Government Spending’ Can Save Country, Bill Dudley Warns

  1. The only way we’re getting fiscal stimulus out of a divided Congress is if the fed doesn’t come to the rescue in an emergency. As long as they’re the backstop it’s easy for congress to shrug…

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