Fed Policy in a Nutshell: Live in Hope; Die in Despair

22 September 2022

During his post- FOMC meeting press conference, Federal Reserve Chairman Jerome Powell said, “Hope for the best; plan for the worst.” I think he meant, “Live in hope; die in despair.” The Federal Reserve raised interest rates another 75 basis points to 3.25% in another attempt to cool “transitory” inflation. The move was widely anticipated […]

The post Fed Policy in a Nutshell: Live in Hope; Die in Despair first appeared on SchiffGold.

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