Powell two weeks ago: we have all the tools to combat anything that should arise.
Last Sunday: we created a new program to combat the latest crisis.
This is the m.o. for the Fed. We have all the tools except we need to keep creating more
Powell two weeks ago: we have all the tools to combat anything that should arise.
Last Sunday: we created a new program to combat the latest crisis.
This is the m.o. for the Fed. We have all the tools except we need to keep creating more
It would appear that the rules only apply to some people. But for others both new rules and new tools can and will be used or created.
End the Fed