A rudderless, contradictory Fed joins geopolitical uncertainty
"If they believed their growth forecasts, they would be cutting now. But they don’t." 🤷🏽♂️
https://open.substack.com/pub/johnhcochrane/p/interest-on-reserves?r=1z5qli&utm_medium=ios
Imagine Narrow Central Banking :) https://open.substack.com/pub/johnhcochrane/p/central-bank-independence?r=1z5qli&utm_medium=ios
Thank you for your piece, Mr. Farac.
Much appreciated.
Best,
Valentino
"If they believed their growth forecasts, they would be cutting now. But they don’t." 🤷🏽♂️
https://open.substack.com/pub/johnhcochrane/p/interest-on-reserves?r=1z5qli&utm_medium=ios
Imagine Narrow Central Banking :) https://open.substack.com/pub/johnhcochrane/p/central-bank-independence?r=1z5qli&utm_medium=ios
Thank you for your piece, Mr. Farac.
Much appreciated.
Best,
Valentino