The world has changed drastically since penning Part 1 and 2 about the Fed’s Taper Caper dilemma that’s buried deep in the mainstream financial press as a potential policy failure or another behind-the-curve monetary response by the FOMC. Policy and economic wonks...
In a swift 180-degree policy reversal during Wednesday’s FOMC announcement, Fed Chairman Jay Powell said the case for higher U.S. interest rates had “weakened,” when just last month the Fed raised rates and signaled it would do so again in 2019. Something stated by...