The Federal Reserve is under the gun as the market plunges ahead of its first rate-setting meeting of 2022, and at least one star money manager says that the central bank could be making a policy error by focusing on raising rates.
Minerd, however, makes the case that the Fed should be fixated almost exclusively on a reduction its balance sheet, which currently stands at around $8.7 trillion. “Interest rates are the byproduct of monetary liquidity, economic output, and inflation expectations. Short term market rates can be manipulated through changes in the stock of money,” he writes.
“That facility now has daily volume of over $1.5 trillion,” writes Minerd. “Any program to raise rates will require the Fed to raise the rate of interest paid on RRP operations by the amount of the increase in the overnight target rate,” he said.
Translation: “Screw the consumers. The stock market is more important.” — Arresting inflation by raising rates is more important.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scott Quiner—COVID patient at center of ventilator lawsuit—dies, almost $40,000 raisedScott Quiner, who was unvaccinated, died on Saturday after spending weeks in ICU. His wife sued the hospital to prevent his ventilator from being turned off. Was he brain dead? If no this was really wrong Taking up a bed from a more deserving person for weeks. SHAME on him! ClaraGu05568105 As someone tired of making this political. I find it interesting that you must ALWAYS state when someone was unvaccinated YET you never mention when someone was.
Source: Newsweek - 🏆 468. / 52 Read more »
Scott D. Pierce: Will Utahns love HBO’s ‘The Gilded Age’ as much as they loved ‘Downton Abbey’?Scott D. Pierce: Full of delicious plots and manipulations, 'The Gilded Age' on HBO is proof that the team behind 'Downton Abbey' can catch lightning in a bottle twice. You’re not telling what is this that i missing.
Source: sltrib - 🏆 316. / 61 Read more »
Rep. Plaskett on Sen. Tim Scott: “Who told him that Black people voted for him in the first place?”Sen. Tim Scott argues that because he is Black and in the Senate, Voting Rights legislation isn’t needed, which Rep. Stacey Plaskett says is “the most ludicrous thing I could hear out of his mouth - who told him that Black people voted for him in the first place?” Despite what she says has been the Republican priority “of keeping a white minority,” Plaskett remains “hopeful that Americans are still going to wake up to what’s really going on.” krfcarter Tim Scott is completely out of touch. I’m sure he voted for himself. So at least one black person voted for him.
Source: MSNBC - 🏆 469. / 51 Read more »
Is the market crashing? No. Here's what's happening to stocks, bonds as the Fed aims to end the days of easy money, analysts sayAmericans are wondering what's amiss with Wall Street after steep declines in stocks and a surge in bond yields in recent weeks. Here's how to think about it. The Fed is the 🐳 all those 15/hr jobs will get fill this year Now if you guys could only fix bigcharts, which hasn't worked since dawn. This dude thinks Google searches are indicative of sentiment overall Holy crap just throw this article in the trash
Source: MarketWatch - 🏆 3. / 97 Read more »
Did PetSmart Wait Too Long To Pursue A SPAC Deal?An ongoing plunge in Chewy's stock price raises questions about the pandemic-fueled surge in the pet-care market. Hello Friend Download BitBull Application & Start Mining Free BTC, ETH, BNB, LTC, YFI and Use My Refer Code To Earn $30 Instantly ( BB0000 ) Thank you for the great review that we had the other day. You made it easier for me to understand crypto trade. earn 🙌 R75k$ with the help of MichaelWeldon_ I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent SamAndCoTradin guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: Forbes - 🏆 394. / 53 Read more »
Crypto stock plunge could pump the brakes on IPO and deal marketBearish activity in the market could dampen the ambitions among crypto companies to go public. Hi, shuna_inuverse is the new gem With the insane nfts and continuous eth reflections, soon to be on saitamask and about to blow to over 100 Mil MC. tweetforshuna shunaV2 shunainuverse
Source: TheBlock__ - 🏆 464. / 53 Read more »