​The Fed’s Last Sign Of Independence May Be Gone – Tyler Durden

The Fed’s Last Sign Of Independence May Be Gone Authored by Daniel Lacalle, The Federal Reserve decided to cut rates by 50 basis points despite what Chairman Powell considers “no risk of a recession or downturn,” a “solid economy,” and a “strong job market.” After ignoring the impact of monetary aggregates and the warning signs of inflation, the Federal Reserve has breached its price stability mandate for three consecutive years, preferring to prioritize liquidity injections, i.e., printing money, to the recovery of the currency’s purchasing power. The “higher for longer” policy only lasted eighteen months. Furthermore, the latest reading of the Chicago Fed National…  — Continue at ZeroHedge News : Read More