What you're not hearing about Wednesday's FOMC

Monday, January 28, 2019
Donald L. Luskin

Here's how Jay Powell ought to explain the new balance sheet policy he leaked to the Journal on Friday.

Update to Strategic View

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Next Stop on the Jay Powell Apology Tour
Donald L. Luskin
Monday, January 28, 2019
A planted story sets up Powell to sound both dovish and smart about the balance sheet.