Federal Reserve Cuts Interest Rates – puts everyone to sleep and destroys the economy in one long boring speech.
“Sometimes it isn’t what you say but how you say it” YNOT Well now, ladies and gentlemen, the bankers have held court again, and the High Priest of the Federal Reserve—Mr. Powell himself—stood up before the nation like a man trying to calm a river flood with a teaspoon. He spoke in that careful Washington tongue, the kind that seems to say plenty without ever actually putting its boots in the mud. Folks want to know: Are we headed for a recession, and is Powell leading or lagging? Spoiler—he’s lagging, same as always. The Fed gave us their latest … Continue readingFederal Reserve Cuts Interest Rates – puts everyone to sleep and destroys the economy in one long boring speech.