The reporting on last week’s FOMC press conference was all about the very topic that Chair Powell had predicted (and forewarned) in the prior meeting. The topic wasn’t the rate cut, and yet again, Jerome didn’t get any credit for his kind and prescient forewarning. Fortunately for us, he has a long history of not letting the opinions of his critics get in the way of doing his job in the way he believes best … Continue reading The Most Important Proclamation in the FOMC Press Conference
(And It's Been Ignored, Again)