Fed Encourages Runaway Debt as “Minsky Moment” Approaches

8:21 AM

First published by Money Metals here: https://www.moneymetals.com/news/2019/05/20/minsky-moment-runaway-debt-001774

Federal Reserve officials like to pretend they can use interest rates like a motorcycle throttle on the U.S. economy. They can either rev things up by dropping interest rates or slow things down by moving rates higher.

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