The Fed Cut The Interest Rate To Bail Out The Treasury – OpEd
Published
By Daniel Lacalle
TheFederal Reservedecided to cut rates by 50 basis points despite whatChairman Powellconsiders “no risk of a recession or downturn,” a “solid economy,” and a “strong job market.”
After ignoring the impact of monetary aggregates and the warning signs of inflation, the Federal Reserve has...