Thursday , February 20 2020
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The Fed’s overtightening and the shift to a fiscal paradigm

Summary:
The Fed's discomfortFor the better part of 4 years, I have been telling you that the Federal Reserve has been uncomfortable with a mid-cycle role which required it to keep rates at zero percent. The Fed sees its role as principally reserved for cycle turns and not as an agent of mid-cycle stimulus. ...

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The Fed's discomfortFor the better part of 4 years, I have been telling you that the Federal Reserve has been uncomfortable with a mid-cycle role which required it to keep rates at zero percent. The Fed sees its role as principally reserved for cycle turns and not as an agent of mid-cycle stimulus. ...

Edward Harrison
I am a former European credit markets and M&A guy who started out as a diplomat. — so I have some pretty diverse interests.

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