By Jim Rickards, 22 August, 2022
Investors and analysts hang on every word the Federal Reserve says. They treat the Fed as the most powerful player in global markets and like an omnipotent force that can stop inflation, stimulate growth, cure unemployment, target interest rates, and basically make or break (or is that brake?) the U.S. economy. There’s only one problem with that perspective.
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Recap & Takeaways
The Fed Is Not Omnipotent
What The Fed Is Saying
The Fed Has No Idea What They’re Doing
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