Day: 31 July 2019

Fed cuts as expected, but markets still react

The expected cut from the Fed but, as NAB’s Gavin Friend explains on today’s Morning Call podcast, Jerome Powell was a little too hawkish for the markets.

Has Monetary Policy Had Its Day?

As the Federal Reserve gets set to cut interest rates, I ask Prof Steve Keen whether it’ll make any difference? In Japan interest rates are negative and it’s still not working. Does monetary policy actually work?

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