Powell Needs to Stop Gaslighting Markets About Financial Conditions
3circleinvestments.substack.com
The Fed's own indicators of financial conditions show a drastic loosening of conditions over the last 6 months, suggesting policy is not restrictive. The sooner the Fed acknowledges this, the better.
Powell Needs to Stop Gaslighting Markets About Financial Conditions
Powell Needs to Stop Gaslighting Markets…
Powell Needs to Stop Gaslighting Markets About Financial Conditions
The Fed's own indicators of financial conditions show a drastic loosening of conditions over the last 6 months, suggesting policy is not restrictive. The sooner the Fed acknowledges this, the better.