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Pivoting Powell’s Pathetic Attempt At Double-Speak: QE By Any Other Name

Summary:
Perhaps Fed Chair Powell didn’t read the BIS report.  Because the very next day, during a speech at the annual meeting of the National Association of Business Economics, Powell said the Fed would soon start again doing precisely what the BIS report said has a negative impact on financial markets: https://davidstockmanscontracorner.com/?p=354980&preview_id=354980&preview_nonce=c8f66f42f0&preview=true

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Perhaps Fed Chair Powell didn’t read the BIS report.  Because the very next day, during a speech at the annual meeting of the National Association of Business Economics, Powell said the Fed would soon start again doing precisely what the BIS report said has a negative impact on financial markets:

https://davidstockmanscontracorner.com/?p=354980&preview_id=354980&preview_nonce=c8f66f42f0&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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