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All of you foolish white men need to stop talking about the fed. The demise of the market is all trump
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Dick Bove: The Fed caved in to market and Trump demands because it lacks support for its policiesThe Fed gained its independent status in 1951, almost 40 years after its founding, when it signed an Accord with the Treasury. Prior to that time there was little thought that the institution would be independent. poor Jay Powell ...... its just him & stimpyz1 out there wanting 3 more hikes And they will blame the Fed when inflation jumps back to 5% due to the Fed not having the same degree of credibility. The Fed made a mistake in not communicating properly to the market when raising interest rates while commodity prices were in decline. The Fed deserves greater respect, as they recognized their mistake and took corrective measures.
Source: CNBC - 🏆 12. / 72 Read more »