Mises Wire
Author:
Daniel Lacalle
Online Publish Date:
rate cut and caused the opposite effect of what they desired. Instead of calming markets, the Federal Reserve’s 50–basis point cut sent a message of panic to market participants. If the jobs and manufacturing figures are better than expected, measures and, on top of that, the confidence of financial agents diminishes. The failure of demand-side policies was already evident in 2019 with the indebted