"WILLIAMS SAYS FED WOULD ADDRESS NEXT RECESSION BY CUTTING INTEREST RATES TO ZERO AND USING COMMUNICATION AND ASSET PURCHASES" (via @reuters)Well, we're not in recession and they're actively engaged in the latter two. And, clearly, with 3 rate cuts on the books this year, they'll continue to barrel toward zero if the data continue to weaken.
Wednesday, November 6, 2019
Bonus Quote of the Day
This (from NY Fed President John Williams this morning) is precisely what I'm talking about (when I'm talking about bubbles):