Fed’s “Symmetric” Inflation Targeting Is Code for Accelerating the Dollar’s Debasement
Race to the Bottom: What to Expect as the #Fed Eases #moneymetals https://t.co/x3U8HRw2qp pic.twitter.com/b5e5jMISIg
— Money Metals (@MoneyMetals) July 25, 2019
Race to the Bottom: What to Expect as the Fed Eases
With the Federal Reserve all but certain to cut interest rates multiple times in the months ahead, central bankers are engaged in a race to the bottom.
As negative interest rates expand in Japan and across Europe, as long-term bond yields in the U.S. plummet, and as President Donald Trump continues to talk tough on trade, the Fed has little choice but to cut.
