Tom Graff on the July FOMC Meeting and the Recession Debate
Macro Musings with David Beckworth
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Is the Fed Trying to Deviate From That No Savings Investment Balance Position?
The Fed has a price stability mandate. So if the fed cares about price stability, then over the long run, it has to respond to fundamentals. The literal nominal treasury rate that gets traded every day is probably set purely by fed expectations. But i buy into more of the savings investment store coind of a fundamental story.
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