Fed Stands Pat; Waiting For Data But Becoming Obsolete?

Yesterdays Fed decision to hold their cash rate, despite two dissenters on the FOMC, Governors Christopher Waller and Michelle Bowman (both Trump appointees), voting 9-2 to hold its benchmark federal funds rate in a range of 4.25%-4.5% was an interesting object lesson in the two Americas, one based on the current data showing balanced employment … Continue reading "Fed Stands Pat; Waiting For Data But Becoming Obsolete?"