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The Corner

Stimp

Joined: 10/15/98 Posts: 36989
Likes: 9199


Don't overlook the FED, IMO a bigger player in this


I had higher hopes for Jay Powell, but he is nearing train wreck status. He completely mismanaged his comments Wednesday and that began this downturn. PCE and the yield curve are screaming that monetary policy is too tight. I'm not holding my breath but I wouldn't be surprised by an off-FOMC meeting cut.

Powell is not the first FED Gov beholden to such misguided models as the Phillips Curve but come on, man...

(In response to this post by Zhoo)

Posted: 08/05/2019 at 1:36PM



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Current Thread:
 
  
Market’s down a bit. ** -- MBHoo 08/05/2019 09:48AM
  Get to buying ** -- Mg234 08/05/2019 12:25PM
  I would wait a little -- Zhoo 08/05/2019 12:31PM
  Viagra might help? ** -- FfxStationHokie 08/05/2019 11:54AM
  Hope you sold the farm on friday :) ** -- Zhoo 08/05/2019 11:40AM
  Yep. Good thing it is only temporary. ** -- Ronald Mexico 08/05/2019 09:53AM

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