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Fed “dual mandate”

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Fed lately always bringing up what they call their dual mandate in the FRA of  “maximum employment with stable prices” (Powell a lawyer so ofc always looking at the law) while AT THE SAME TIME planning for a 55% reduction in equity prices....I got news for these Art Degree people;  a 55% reduction in price ain’t stable... hate to break the news to you...Fed worst case test scenario includes a 55pc drop in equities ... AFRIn wake of Global Financial Crisis, Federal Reserve has run annual stress tests on America’s banks and the 2021 tests will include a scenario in which US equities plunge 55 per cent.https://t.co/3hv7zdAysD— Trading Floor Audio (@TradeFloorAudio) February 14, 2021

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Fed lately always bringing up what they call their dual mandate in the FRA of  “maximum employment with stable prices” (Powell a lawyer so ofc always looking at the law) while AT THE SAME TIME planning for a 55% reduction in equity prices....

I got news for these Art Degree people;  a 55% reduction in price ain’t stable... hate to break the news to you...




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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