History Shows You Should Infer Nothing From Powell’s Pause

By |2020-01-30T18:55:02-05:00January 30th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Jay Powell says that three’s not a crowd, at least not for his rate cuts, but four would be. As usual, central bankers like him always hedge and say that “should conditions warrant” the FOMC will be more than happy to indulge (the NYSE). But what he means in his heart of hearts is that there probably won’t be any [...]