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Take Cover! Fed Heads Have Formed A Circular Firing Squad

Summary:
That is what the Federal Reserve is scrambling to figure out today after a day of unprecedented miscommunication by NY Fed president John Wiliams, who as we reported on Thursday, not only singlehandedly repriced market expectations for a 50bps rate cut on July 31, but went so far as to hint that ZIRP is coming back. The fact that even uber dove, St Louis Fed president https://www.zerohedge.com/news/2019-07-19/after-williams-communication-debacle-fed-leaks-no-50bps-rate-cut-month

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That is what the Federal Reserve is scrambling to figure out today after a day of unprecedented miscommunication by NY Fed president John Wiliams, who as we reported on Thursday, not only singlehandedly repriced market expectations for a 50bps rate cut on July 31, but went so far as to hint that ZIRP is coming back. The fact that even uber dove, St Louis Fed president

https://www.zerohedge.com/news/2019-07-19/after-williams-communication-debacle-fed-leaks-no-50bps-rate-cut-month

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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