It’s not “stimulus” if it’s open-ended

Totally agree with Peter Boockvar here: Two more things post Powell presser. The Fed Chair said that three years of no rates hikes in their estimates, assuming all else equal, is essentially forward guidance and he expressed his view that this is a “powerful” stimulus. I’ll express again my belief that it is actually the exact opposite. The whole point of stimulus is to stimulate economic behavior to hap...

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source https://thereformedbroker.com/2020/09/17/its-not-stimulus-if-its-open-ended/