Economist Rips Central Banks’ New Status Quo: Unlimited Money-Printing
After the June Federal Open Market Committee (FOMC) meeting, Fed Chair Jerome Powell committed to “do whatever we can, for as long as it takes.”
Nothing has changed — the July meeting was rewind and replay.
“We remain committed to using our tools to do what we can and for as long as it takes to provide some relief and stability to ensure that the recovery will be as long as possible and to limit lasting damage to the economy,” Powell said as the July FOMC meeting wrapped up Wednesday.
The FOMC meeting nor Powell’s press conference brought any