The Fed Has Lost All Credibility… the Next Crisis is at Our Doorstep
Whatever little credibility the Powell Fed still had has been permanently shredded. Throughout the last 15 months, the Powell Fed has maintained that it would be able to normalize Fed policy. This meant interest rates at historic norms (above 3%) and the Fed balance sheet back at pre-Crisis levels (~$1 trillion). The Fed pushed this […]
The post The Fed Has Lost All Credibility… the Next Crisis is at Our Doorstep appeared first on Gains Pains & Capital.
Source: https://gainspainscapital.com/2019/02/28/the-fed-has-lost-all-credibility-the-next-crisis-is-at-our-doorstep/
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