The Central bank strikes back
It finally happened! The financial markets have been waiting for about 2 years for Jerome Powell to counter Donald Trump’s criticism. The president has gone too far and called the Fed’s chair “clueless”, saying that he had “no guts, no sense, no vision”. And here’s the first reply: the Fed chair reminded all that the issue of negative rates had already been discussed during the financial crisis. If the same happened nowadays, he would rather revive QE than drop the federal funds rate to the red. Powell has used for a long time the principle…
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