Where Doves Are Dreaded

By |2019-03-20T15:48:15-04:00March 20th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If “rate hikes” and QT are the world’s big problem in 2019, then why is the FOMC announcing the end of “rate hikes” and QT failing to have a positive effect? The answer will surprise most people. Central banks, dominated by central bankers who are Economists, meaning statisticians, are always behind. They do not lead. [...]