Central banks can see this coming, underway in several places, but they have another problem: very little room to cut rates and desperately frightened of the “zero bound.” Thus, a continuous argument worthy of Monty Python: Do we fire our limited ammunition now or save it until it’s ugly? If we don’t fire now, then it might get so ugly that firing won’t help.
Source: Inman News
How will a trade war impact the US?
Published in Columns, federal reserve, lou barnes, Markets & Economy, Opinion, President Trump, Select and the Fed
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