Jay Powell's Next Battle
Jay Powell Tries To Resolve This War
Wednesday, March 22, at 2PM, the Federal Reserve will announce its interest rate decision. Current estimates range from 0 to 50 bps.
What I will be seeking:
Between minimizing the banking system crisis and inflation control, which is more important, if the Fed has to choose one? I don’t think that Chairman Powell will want to answer this one.
If the banks gradually reduce their size, and as a result, make fewer loans, doesn’t that change the Fed’s thought on slower economic activity? The answer has to be yes, so I am looking for the follow-up question: how much???
If the banking crisis reduces economic activity, is Quantitative Tightening (QT) necessary any longer?
Understanding Markets: In Case You Missed It
Complete Misunderstanding of Investments
Mutual Funds Sponsors Aren’t The Owner of Shares, You Are
Vanguard and BlackRock are mutual fund managers. When they buy XXX shares of company AAA, that does not mean that the mutual fund manager is the owner of the security; YOU, the investors, are.
WFFM based in Ohio, did some “research.” This reporter needed to understand the first bullet point BEFORE reporting on her “research.”
This is a gross misrepresentation, that makes it seem that Vanguard and BlackRock were the ones responsible for the lack of dioxin testing in Ohio.
There is probably someone / some party that is responsible. Vanguard and BlackRock? No. That didn’t stop WFFM from strongly implying this is the case.
This is a gross insult to actual news reporting, which is necessary in today’s world. The lowers the credibility of the entirety. Boo..We need a new “Too long, didnt’ read” TL;DR slogan. Perhaps “Looks right, totally wrong,” i.e. LR; TW.
I will be on LIVE during the Federal Reserve’s announcement and Chairman Powell’s press conference. This chat will be available to paid subscribers. Stay tuned, you can bring your questions.