Has the Fed Abandoned Risk Assets? | Joseph Wang
Forward Guidance
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The Fed's Future Path of Policy
Joseph Wang: What we're hearing from the banks suggests that we do have a strong economy. Bank of America and GPM are both saying that there's more loan demand. They're making more loans. So this is really important because if you have more money in the system, you have more demand,. Money is purchasing power. It's demand. I would be very, very cautious out there.
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