kingworldnews.com / May 11, 2017
With the U.S. economy weakening, this should get very interesting with the Fed balance sheet still at emergency levels.
May 11 (King World News) – Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness: In case you missed his comments yesterday Boston Fed President Eric Rosengren, a non voting member, has really done a 180. I always considered him a card carrying bleeding heart dove and now he is one of the most hawkish members of the Fed. It’s the reverse of ex member Narayana Kocherlakota who went the exact opposite route and embraced zero rates and was jealous of the Europeans who went negative…
Fed Balance Sheet Still At Emergency Levels
Rosengren yesterday said he wants to hike rates three more times this year and start tapering after the June meeting.
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