Memo To The Fed: Funding Markets Don’t Need No Help From The 12 Geniuses (?) On The FOMC

Well, this takes the cake. Read the recent utterances below from NY Fed President John Williams and you have no choice except to conclude the the nation’s all-powerful central bank has been taken over by monetary cultists who are lost in their own formulaic Keynesian chants and incantations. We don’t put great stock in Uncle […]

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