“My confidence has grown that inflation is on a sustainable path back to 2%"
“The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks."
"We do not seek or welcome further cooling in
I have always said you can tell a lot about a person from what they choose to read (or in today's world if they still read). I didn't always enjoy reading, but my 11th grade American Literature teacher helped me find books that I enjoyed which fostered a love of
For far too long (in my opinion) the Federal Reserve has tried to manage the economy, inflation, and the stock market under the guise of 'financial stability'. This manipulation has caused what used to be the normal economic cycles to last longer, but have much higher and lower swings.
During
For most of my career there has been a nearly unshakable belief that the Fed was all knowing and could control the direction of the market. This is despite the fact they've always been too late to change direction or to fully understand the inner workings of the financial system.
For too long, investors (speculators) have relied on the Federal Reserve to prevent any and all economic speed bumps to keep stock prices propped up. The so-called "Fed Put" just celebrated its 25th anniversary on Saturday. Not sure what I'm talking about? If you have a WSJ Subscription you can
