A caller asked me about the necessity of interest rate decreases for the economy. I answered on air, and expand on that answer a bit here.
Yield Spreads
With the discussion of the Federal Reserve and policy decisions coming back in front of the national debate these days it seems some more interest rate data would be good to review. The fiscal-monetary dynamic seems destined to be re-opened with lots of questions about the appropriate stance of policies, sequence of policies, and of course the incessant whining about policies (mostly monetary).
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