Loading ...Powell said he doesn’t want Fed policy to replace the markets……..
Remarkable that he had to say such a thing, that the Fed has become so interfering in markets that the comment was necessary…
Promote Max employment, promote Stable Prices, promote Moderate long term rates. The THREE mandates….
and they have dove tailed out to QEing in good times, REPO in billions to assuage speculative needs, and rate cuts in good times BELOW the inflation level.
What were those THREE mandates again? Hold the Fed to their mandates…and LIMIT them to same.