Uttin’ On the Itz!

Watching Jay Powell’s press conference today, it hit me – THIS HAS ALL HAPPENED BEFORE.

Back in September, 2013 to be precise, when Ben Bernanke told us that QE was not going to roll off as expected, that “data dependent” meant “market dependent”, and the Fed was a prisoner of the White House and Wall Street.

You are here. Again.

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