Powell’s Dove Transformation

Kaoboy Musings 11 – 10/30/2019

Oct 30, 2019

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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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