With every economic crisis, US Federal Reserve policy has run further away from the dictates of Milton Friedman. After cutting rates to near zero and increasing its holdings of assets by over 70% last year, Chairman Powell said this month that policy would remain “very supportive” of the economy.
Great content.
It is very grateful to follow you as only economist.
I don't have any idea ,who said that,
Follow one economist.
Anyway it's more than truth.
The market distortion I am wondering about is, will #China de-value the Yuan ?