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Friday, November 15, 2024

Bernanke’s Legacy Problem

Courtesy of Bruce Krasting.

 

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The surprise of the week was not the goofy ending to the cliff. It was the minutes from the Fed.

 

The meeting in question took place on 12/12, just 23 days ago. Some very major announcements came as a result of that meeting. A new, and much more aggressive Fed policy was revealed. For the first time ever, the Fed set a target for when monetary policy would change.

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