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DTYS - Jerome Powell Is Running The Fed Like It's Theranos (Podcast)
Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L451
There’s no real nice way to say that I found Wednesday's FOMC minutes to be disgraceful. The only conclusion I’m left with is that Jerome Powell has capitulated and is now scared of either the market turning on him, the president turning on him or both. Otherwise, how do you explain a Fed that in January 2019 was giving indications for three more hikes this year now turning around and saying there will be zero hikes?
Furthermore, what has the Federal Reserve so scared? Equity markets have nearly tripled over the last decade and, all