Justin Wolfers
@JustinWolfers
가입 July 2011
1.5K 팔로잉 중 439K 팬
Silent Kevin's theory: if the Fed stops talking, markets will stop watching the Fed and start watching the economy instead.
But.
Every loan rate from overnight to 30 years is built on expectations of what the Fed does next. Going quiet doesn't change that math—it just makes the guessing harder.
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