Federal Reserve developments from today -
“We thought the economy faced a pothole and stimulus put a plate over it so we could navigate,” Federal Reserve Bank of Richmond President Thomas Barkin told a webinar hosted by the Center for Regional Economic Competitiveness Tuesday. “Now escalation of the virus may make the pothole into a sinkhole and that would create the need for a longer plate. If Congress takes away support too abruptly, you know what could happen to my metaphorical automobile.”
More stimulus from the Federal Reserve imminent.
https://au.investing.com/news/economy/feds-barkin-warns-economy-faces-sinkhole-requiring-more-aid-2183011
Remember - the lightning bolt (DowJones) guides the direction of all things (commodity prices, sharemarket bubbles)
Federal Reserve developments from today - “We thought the...
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