Fed, Markets Now ‘Paying The Price’ Of Infamous Powell Pivot

Fed, Markets Now ‘Paying The Price’ Of Infamous Powell Pivot

After a dozen years of accommodative monetary policy, markets have lost the capacity to fully conceptualize central banks. Year after year of benevolence as manifested in the careful management of expectations vis-à-vis protective policy settings, reduced markets to an infantile state. Central banks are understood solely as a source of comfort and instant gratification, a condition policymakers "cultivated and maintained during the post-2008 recovery," Deutsche Bank's Aleksandar Kocic wrote. T
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One thought on “Fed, Markets Now ‘Paying The Price’ Of Infamous Powell Pivot

  1. H-Man, the US and world economies are sinking like a rock. Hindsight is always 20 -20. Going forward it is bleak until there is some ray of sunshine. Right now the sky is dark and maybe, only maybe, the Fed will see the dark sky rather than sunshine. We all know when there is sunshine, the course of going forward is not problematic. Right now there is no sunshine.

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