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The Fed has remained hawkish longer than expected, and this is harming the US economy.
• The labor market is weakening.
• Credit card defaults are increasing.
• Corporate bankruptcies are approaching 2008 crisis levels.
This picture shows that the Fed has made a serious policy mistake. With each passing day, the feeling that Trump's "Too Late Powell" statements were correct is growing stronger.
• The labor market is weakening.
• Credit card defaults are increasing.
• Corporate bankruptcies are approaching 2008 crisis levels.
This picture shows that the Fed has made a serious policy mistake. With each passing day, the feeling that Trump's "Too Late Powell" statements were correct is growing stronger.