‘The FED took advantage of declining money velocity to unleash a deluge of printed currency. But as velocity picks up again, long-term inflation is an inevitable outcome.’

Financial conditions in the US have eased around 150 bps since October 2022 according to Goldman's FCI index. That easing in financial conditions translates into a positive growth bump around that mangitude, so – if recession risk was ever truly …

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Fed’s Ability to Set Rates Floor Is Weakening on Cash Deluge (“Charming” Powell Had At Least 350 Meetings, Dinners Or Phone Calls With Members Of Congress)

by confoundedinterest17 Powell and The Fed’s policies have veered from their mandate requiring Chairman Powell to meet 350 times with Congress to sell The Fed’s policies. Bloomberg) — The Federal Reserve’s floor for overnight funding markets is proving to be no match …

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