The Fed’s Humpty Dumpty Moment
Humpty Dumpty sat on a wall.Humpty Dumpty had a great fall.All the king’s horses and all the king’s menCouldn’t put Humpty together again. -Old English nursery rhyme It is now clear to even the casual monetary observer that both the Federal Reserve’s current monetary policy, along with its chairperson’s (Jerome Powell) staunch rebuttal to the…

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