transmission

Losing Control of Federal Funds: What’s Transmission Got To Do With It?

By Jeffrey P. Snider|2019-09-18T11:47:17-04:00September 18th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

What’s transmission got to do with it? An odd question perhaps, but not when you step back and think about everything you’ve been taught or told about when it comes to this stuff. From the very beginning, they tell you unequivocally how the Fed is in the middle and everyone must simply obey. It does things with its printing press [...]

How To Lose A Decade

Let’s start by stipulating that the ECB’s operations are far more complex. This is the case both in terms of actual operations but also in trying to figure out what goes where and why. That is at the start unsurprising given the European monetary framework; even though the euro as a denomination is continental there are still national fissures in [...]

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