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The Fed Is Going Crazy Blaming Grom Powell
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The fed was looking at china as the canary in the coal mine, the leading indicator of what we should do. At the end of 20 18, a grom powell decided to raise rates, and we raised rates. And then enter 20 19, and the chinese economy turned over. The fet is now in this really delicate situation where china cut rates last week. We have an f o m c meeting, the open markets committee that sets rates, on wed Wednesday,. What is he supposed to do? Yo, bill ackman, two weeks ago, was advocating for a 50 basis pont rays in this meeting. So that's way beyond what people even thought is
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