Source: American Institute for Economic Research
by Paul Mueller
“Fed-watching has become a hobby for many, and an occupation for some. When will the Fed cut interest rates? (September) How much will it cut interest rates? (25-50 basis points) How will this affect credit card and mortgage rates? (They will start coming down) These are the kinds of questions most people ask. But what people wrongly ignore is the Fed’s huge balance sheet and its related consequences: subsidizing explosive government deficit spending and creating a bailout culture.” (09/06/24)
https://www.aier.org/article/the-feds-balance-sheet-feeds-bailout-culture/