TheMoneyIllusion

A slightly off-center perspective on monetary problems.

Rate cuts increase the Fed’s “ammunition”

I keep seeing this sort of comment:

Federal Reserve Bank of Atlanta President Raphael Bostic said he opposed last week’s interest rate cut because two earlier reductions had provided insurance against global risks and the central bank needed to preserve its ammunition.

It would be interesting to do a search of the Fed minutes and see how many Fed officials are mixed up on this issue.

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