Danielle DiMartino Booth: A Banking Panic Makes The Fed’s Job More Difficult
Forward Guidance
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The New Normal Going Forward Is Living at the Zero Bound
I'm in the camp that hopes that the Fed can thread the needle and maintain a tight stance. I've been saying publicly for months that the level of interest rates is no longer relevant. zero is why in 2020, the non banking sector was $220 trillion worldwide. Zero is why the conventional banking system at the same time was $180 trillion globally. Speculation will never be risk and reward again if we continue to live at the zero bound.
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