The U.S. financial markets are not happy with Federal Reserve Chair Jerome Powell. For whatever reason, they are hoping that the central bank will tergiversate and turn dovish on monetary policy. But Powell insists that its tightening campaign will persist to ensure inflation is stopped in its tracks. He uttered the same sentiment in a […]
Interest Rates
Federal Reserve’s money-supply expansion still holding steady amid tightening
Despite the Federal Reserve raising interest rates and trimming its $8.9 trillion balance sheet, money-supply expansion has yet to fall off a cliff. Although there was a sharp drop in the M2 in the week beginning April 11, there has been an ebb and flow of the printing presses since the end of April. Here […]