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Membership Revoked
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Joined Jan 2007
|2684 Comments
Market still expects Powell to fold and print on to infinity.
However Biden is talking about raising taxes to fund his Profligacy which in a sense says the Fed is not on Board to finance every wish-list item for Uncle Joe.
Fed is put into an awkward place of attempting to be a non political entity which it would most definitely be if it funds all of Biden's dream spending.
Neutral is I think the proper call for Powell to present markets with.
Markets still trade USD as to what it expects Fed to do based upon Data.