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Reading Jeff Snider: FOMC 'Let's make it up as we go along!' [Ep. 118, Macropiece Theater]
Jay Powell’s Fed portrays the economy in recovery mode and intends to taper monetary accommodation - yet the US dollar has been rising in value for months. Premature celebration? It reminds Jeff Snider of an episode in 2011 when the FOMC guffawed past the monetary graveyard. A reading, by Emil Kalinowski.
----------WHO----------
Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Deadlines" by Dylan Sitts at Epidemic Sound.
----------WHAT----------
'Easing' Monetary Policy Is Missing a Key Component: https://bit.ly/2YobrtC…
The skinny
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