Showdown: Yellen and Trump
There is bubbling tension between the Trump vision and the Bernanke-Yellen monetary regime.
There is bubbling tension between the Trump vision and the Bernanke-Yellen monetary regime.
The expectations of mainstream economists rarely come to fruition. Their track record is lousy.
The Fed has a way of getting the opposite of what it expects.
Money-supply growth hit a 46-year high in October, but had moderated significantly by December, according to the most recent money-supply data.