In just two week’s time, Jerome Powell and his fellow Federal Reserve officials will convene behind closed doors to decide the fate of the US economy.
Powell will almost certainly choose to err on the side of caution, deciding not to cut interest rates and instead let things simmer for another two months. He’ll cite a strong jobs market and the transitory nature of inflation as his reasons for holding fast.
But I’m almost certain that a) he’s wrong about today’s economy, and b) he might be making a massive mistake.
Check out my video for the full story (or read the video transcript).
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