Even with M2 contracting at a snail’s pace which is the desired Fed policy while M2 velocity finally bounces off the historic lows, the bank failures recently experienced in the US may disrupt the Fed’s plans to fight inflation for the long term March 22, 2023 7:22 pm by IWB h/t BoatSurfer600 We are primarily funded by readers. Please subscribe and donate to support us! Views: