I have often said that after a meeting of the ECB’s board or the Fed's interest rate committee (FOMC), one sentence that is barely noticed, turns out to be extremely important. Jerome Powell, Chairman of the Fed, among other things, disagrees with the idea that "we have reached the Fed's inflation target of 2 percent in any convincing way."... »
Fed Paves the Way for Worldwide Loose Monetary Policy
March 27 2019
Edin Mujagić
The Fed Is Done Raising Rates
February 8 2019
A remarkable change of fate by the Fed, which already began to surface in November last year, has reached its pinnacle last week. The era of rate hikes that began in December 2015 in the U.S. appears to have come to a grinding halt.
... »Edin Mujagić
Most Dreams Are Not Real … Like the Fed’s Dream
December 11 2018
It is September 26, 2017. The FOMC has just announced that it will hike rates to 2.25 percent. The Fed’s interest rate committee foresees strong economic growth for the years coming, unemployment declining even further, as well as subdued inflation. In other words, economic wonderland. According
... »Edin Mujagić
Oh Dear, Central Banks Are Going to Evaluate Themselves
December 5 2018
What will your modos operandi be when, as a central bank, you want to expand your discretionary powers to conduct monetary policy that will be ever more harmful to ordinary citizens and has more severe consequences for financial markets, without setting off the public’s alarm bells? First of all, whatever the case, you of course do not admit that your aim is to obtain more discretion.
... »Edin Mujagić
