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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
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