Tuesday , October 15 2019
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Why The Fed Is Losing It–Control Of Fed Funds Market, That Is

Summary:
Losing control of fed funds simply wasn’t in the plan. It’s hard to argue there’s no need for “accommodation” when it’s on every front page. So, Powell addressed these burdens by embracing yet another easily disproven canard. That way, he still gives out the planned second rate cut while maintaining how it wasn’t really necessary. https://davidstockmanscontracorner.com/?p=350044&preview_id=350044&preview_nonce=b32592aa2d&preview=true

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Losing control of fed funds simply wasn’t in the plan. It’s hard to argue there’s no need for “accommodation” when it’s on every front page. So, Powell addressed these burdens by embracing yet another easily disproven canard. That way, he still gives out the planned second rate cut while maintaining how it wasn’t really necessary.

https://davidstockmanscontracorner.com/?p=350044&preview_id=350044&preview_nonce=b32592aa2d&preview=true

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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