Powell’s Dove Transformation
Kaoboy Musings 11 – 10/30/2019
Powell's Dove Transformation
I just listened to the Fed press conference, and my take is that Chairman Powell has decidedly turned dovish.
Even though he re-emphasized that the recent reserve additions should not be construed the same way as the longer-term Treasury purchases of QE, Powell made it very clear that the 2% inflation target is what he is mos…
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