The MacroTourist

The MacroTourist

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The MacroTourist
The MacroTourist
FORGET THE FED
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FORGET THE FED

The Fed is increasingly powerless to do anything except not mess it up

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Kevin Muir
Sep 17, 2020
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The MacroTourist
The MacroTourist
FORGET THE FED
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Yesterday was the last FOMC meeting before the election. It was also the first meeting since Jay Powell’s dramatic Jackson Hole average inflation targeting announcement.

Although the stock and bond market sold off a little after J-Pow’s press conference, don’t let anyone convince you that it was a condemnation of the policy shift. The reality is that y…

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