Fed must reassess strategy ahead of September’s FOMC meeting
Thursday 2 September 2021 – Vol.12 Ed.35.3
Commentary: Fed should be buying equity, not bonds
By Tamim Bayoumi in Washington
Chair Jerome Powell delivered a much anticipated speech at the Jackson Hole conference on Friday, containing insights on the Federal Reserve’s assessment of the current economic situation. But for those seeking clarity about the Fed’s long term plans, it was a disappointment. The danger is that the Fed ends up...