Centimillionaire Powell continues to obstruct disclosure of trade dates as FED buys more than $200 Billion in USTs and MBS in the month of May into historic inflation
"No longer relevant, Powell, 68, told Republican U.S. Senator John Kennedy, 69, about the once-important measures of cash and easily spent assets that was a central focus for the Fed in the past
“When you and I studied economics a million years ago M2 and monetary aggregates seemed to have a relationship to economic growth,” Powell said, referring to one main measure of the money in public hands. “Right now ... M2 ... does not really have important implications. It is something we have to unlearn I guess.”"
Another fine article. The stats on maturities and prepayments are not found elsewhere (mass media) for some reason. European inflation for May just came in at 8.1%, way more than “expected.” While the U.S. government lollygaggs on releasing the May number, there have been 13 straight monthly under predictions of inflation by those folks and the Fed. Look for error #14 to be spun by the media and the Fed.
"No longer relevant, Powell, 68, told Republican U.S. Senator John Kennedy, 69, about the once-important measures of cash and easily spent assets that was a central focus for the Fed in the past
“When you and I studied economics a million years ago M2 and monetary aggregates seemed to have a relationship to economic growth,” Powell said, referring to one main measure of the money in public hands. “Right now ... M2 ... does not really have important implications. It is something we have to unlearn I guess.”"
https://www.reuters.com/article/us-usa-fed-powell-econ/powells-econ-101-jobs-not-inflation-and-forget-about-the-money-supply-idUSKBN2AN2EM
Take notice of the date Feb 23 2021...right before the "transitory" cover, then the "I made a mistake"
Another fine article. The stats on maturities and prepayments are not found elsewhere (mass media) for some reason. European inflation for May just came in at 8.1%, way more than “expected.” While the U.S. government lollygaggs on releasing the May number, there have been 13 straight monthly under predictions of inflation by those folks and the Fed. Look for error #14 to be spun by the media and the Fed.