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The Fed Is Irrelevant

September 1st, 2019 · No Comments

  • With the US 10-year yield well below the Fed Funds rate, there are good arguments for lower interest rates.
  • On the other hand, with rates and unemployment already very low, and the economy still growing at 2%, the need isn’t urgent.
  • Most importantly, rate cuts will do very little for the economy.

Source: The Fed Is Irrelevant | Seeking Alpha

Tags: Monetary policy