It is Fed Day (again) and the Fed will continue to monitor the path of inflation and set its interest rate target accordingly. One thing the Fed is not going to do is listen to politicians and the government in how to set interest rates. Yet, while we take it for granted today that central banks set monetary policy and governments take these interest rates as a given, this may not continue to be like this.
I agree. From my perspective, we should be mindful of any unexpected developments in cost trends, which may also be influenced by a potential revolution brought about by the use of nuclear fusion. On the other hand, there is the impact of climate change on the availability of water and food. Although, I fear that, as usual, this will be a problem that falls disproportionately on the nations already affected.
How prudent, the timing of a German! (Yes, even Germans, typically stoic and balanced, can trigger exclamation marks. And their football is a lot more frivolous as well nowadays).
I was just listening to Luke Gromen during breakvast. (So i'm not finished). He believes the FED already works under fiscal dominance: 'every time something happens the FED (together with the Treasury) does not let the Treasury market break'. Implicitly a third item has been added to FED objectives: the Treasury market functioning.
Luke Gromen: The Hard Landing Isn't Going To Come In Stocks. It Will Come In Treasuries.
I agree. From my perspective, we should be mindful of any unexpected developments in cost trends, which may also be influenced by a potential revolution brought about by the use of nuclear fusion. On the other hand, there is the impact of climate change on the availability of water and food. Although, I fear that, as usual, this will be a problem that falls disproportionately on the nations already affected.
How prudent, the timing of a German! (Yes, even Germans, typically stoic and balanced, can trigger exclamation marks. And their football is a lot more frivolous as well nowadays).
I was just listening to Luke Gromen during breakvast. (So i'm not finished). He believes the FED already works under fiscal dominance: 'every time something happens the FED (together with the Treasury) does not let the Treasury market break'. Implicitly a third item has been added to FED objectives: the Treasury market functioning.
Luke Gromen: The Hard Landing Isn't Going To Come In Stocks. It Will Come In Treasuries.
https://www.youtube.com/watch?v=I-u7IN_AuVE&t=1168s
They also discuss Mosler, the Calomiris paper etc