IS THIS REALLY WISE?
Fed’s wisest strategy is to cut interest rates at first sign of economic distress, Williams says
Given that its benchmark interest rate is so close to zero, the most effective strategy for the Federal Reserve is to cut rates at the first sign of trouble, said New York Fed President John Williams on Thursday. “When you have only so much stimulus at your disposal, it pays to act quickly to lower rates at the first sign of economic distress,” Williams said in a speech at a research conference in New York. Investors saw Williams’ comments as endorsing a half-point rate cut at the central bank’s next policy meeting on July 30-31. But a New York Fed spokesman took issue with this characterization and said the talk was theoretical. (If this happens the fall of USD is certain) Read More @ https://www.marketwatch.com/story/feds-wisest-strategy-is-to-cut-interest-rates-at-first-sign-of-economic-distress-williams-says-2019-07-18?siteid=rss&rss=1
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