The Daily Blog
    07.24.17
    Quick Read:

    “Is this …the kind of economy in which the Federal Reserve should be tightening monetary policy?” asked John Mauldin. “No – yet the Fed is doing so,  partly because they waited too long to end QE and to begin reducing their balance sheet. FOMC members know they are behind the curve, and they want to pay lip service to doing something before their terms end. …The attitude among central bankers, who are basically all Keynesians, is that messy reality should not impinge on elegant theory.”

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