by 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...
Fed worst case test scenario includes a 55pc drop in equities ... AFR
In 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