The Fed Promises More Dollar Destruction

The Fed Promises More Dollar Destruction

The Federal Reserve has potentially had the most memorable year in its more than a century–long history. What started out as a year of “Will they or won’t they cut interest rates?” blossomed into a time of slashing rates to near...
By the look in Jerome Powell’s eyes ‘QE is the Future’

By the look in Jerome Powell’s eyes ‘QE is the Future’

In less than a year, we have witnessed an unprecedented monetary policy rollercoaster by the Federal Reserve, which began with a momentous U-turn in the central bank’s guidance in January, and has continued to escalate ever since. It is easy to forget that less than a...