"Fed's Waller says may need to hold current rate for longer than...

"Fed's Waller says may need to hold current rate for longer than expected, no rush to cut"

Lots of mixed messages are coming out of the fed on cutting rates. => "Do we go with Plan-A OR Plan-B?"

Plan-A is to have a GFC (caused by the CRE crises) and change the bank cash rules (to cash up the banks). Then get the banks to buy all Yellen's Gov. bonds, as well as all the failed banks - and then do 3 rate cuts so that the banks profit from the bonds and everyone is all-good for the election (hopefully?). (See here.)

Plan-B is to avoid a GFC before the election and just keep kicking the can down the road and ramping the market. Failed banks get bought by Biden's blank cheque companies. Yellen gets the 7 trillion she needs by issuing T-Bills (instead of bonds) - Phew! Wow! Maybe??? Doubtful !!!

So, what plan is it??? Plan-A OR Plan-B??? If you watch the first 6 min of this video you will find out two things. 1) the fed and Treasury (Yellen) is a bit of a goon show. They often change their mind on important things. 2) It looks very much like Yellen and Powel are sold on Plan-A. I suppose a crisis only comes along once every 20 years - so you have to strike when the iron is hot. Besides, Obama won the election in a GFC year, so why not Biden? Maybe we will know more after Powell's speech on Saturday?