The Fed's Silent Endorsement of Trump’s Economic Policies

Now, the Federal Reserve finds itself in an unusual bind: economic data, what one might call the "hard reality," are strong. Very strong. But sentiment, that slippery, media-churned cousin of reality, is very weak. The paradox is telling. As one market analyst recently observed, we are seeing a historically rare inversion: consumer spending remains... See more

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The Fed's Silent Endorsement of Trump’s Economic Policies

@amuse

May 10

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It is often said that central banks whisper what markets scream. In this case, the Federal Reserve's silence on interest rates speaks volumes about the durability of Trump-era economic policy. Contrary to the feverish calls ... See more