The Agony of Victory at Jackson Hole
The Fed has pretty much achieved its dual mandate. So why all the existential angst?
The Fed has pretty much achieved its dual mandate. So why all the existential angst?
Says Don Luskin, chief investment officer at TrendMacro: “Trump’s plan has been up on his website for many months. There is nothing new about it at all. Everyone is acting as though he ‘finally’ laid out his ‘plan’ for ‘the economy.’ It’s been there in plain sight all along. It got a few tweaks yesterday, but there is no news here at all.”