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UBS On-Air: Paul Donovan Daily Audio 'Is talk cheap?'
Published 1 year, 3 months ago
Description
New York Federal Reserve President Williams—a genuine economist, who should thus be listened to —signaled that the Fed is happy with the state of the US economy and that two 25bp rate cuts this year would be appropriate. This clearer guidance for the future is a big improvement on Fed Chair Powell’s inept dependence on dodgy data.