First published by Money Metals here:
https://www.moneymetals.com/podcasts/2020/06/12/fed-chairman-not-raising-rates-002054
The sudden spike in market volatility yesterday came after the Federal Reserve vowed on Wednesday to keep its benchmark rate near zero through 2022. That’s an unusually long period for the Fed to be projecting rate policy. It reflects the fact that it will take many months and perhaps years for the tens of millions of jobs that were recently lost to return.
