Mises Wire
Author:
Mike Gleason
Online Publish Date:
exert themselves on the Fed, he finds himself in an impossible catch-22. If he fails to cut rates, then the central bank risks becoming seen as the enemy of half that would be quite negative for either of those goals. Ms. Wexton: Much better mission for the Fed is what you’re doing right now. Chairman Powell: Well, this is the world’s globally systemic important banks. It’s no surprise that “too big to fail” bankers who depend on special privileges from the Fed and other central banks