Warsh tightened more by pausing than by lifting rates, this bond-market veteran argues. Here’s the math.
It sounds paradoxical, but Federal Reserve Chair Kevin Warsh may have tightened the economy by not lifting interest rates than he would have by actually increasing them.
Overview
It sounds paradoxical, but Federal Reserve Chair Kevin Warsh may have tightened the economy by not lifting interest rates than he would have by actually increasing them.
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Originally published at www.marketwatch.com.
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