Noah Forougi @NForougi
Washington, DC Joined July 2019-
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Noah Forougi retweeted
The Federal Reserve said it would lift interest rates and penciled in a series of further increases this year aimed at stopping the economy from overheating and reducing inflation that is running at its highest levels in four decades on.wsj.com/3MVStPt
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Noah Forougi retweeted
Noah Forougi retweeted
Takeaways from Powell’s presser: 1. The economy will shrink in Q2 => The recession has started. 2. He thinks fiscal policy is the best tool for dealing with the corona-related recession. 3. The Fed is focused on providing liquidity to financial markets (& can do more of this).
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