The Fed's Forward Guidance Is No More | with Nick Timiraos
Forward Guidance
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The Fed's Overreaction to the Financial Crisis
It was exactly two years ago today that the Fed was meeting to put together their plans. Powell had complained to his colleagues over the week of March 16th that it felt like they were swimming after a speedboat. The announcement affects alone from those programs on March 23rd, 2020, ended up putting a bottom in the market.
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