Aug 5, 2020
Danielle DiMartino Booth
Bio CEO & Chief Strategist, Quill Intelligence https://quillintelligence.com/ The author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America Worked at the Fed, advisor to Dallas President Richard W. Fisher during the GFC
Other topics covered this week: FOMC statement from last week https://www.federalreserve.gov/newsevents/pressreleases/monetary20200729a.htm FOMC holds policies steady.
Places all blame on the virus. The virus has its own dual mandate here 1) distract from systemic weakness and failures 2) help manipulate sentiment, hopefully sentiment will recover as virus pressures abate ECB and Bundesbank view Germany’s Constitutional Court’s demands met http://archive.vn/S6vAN Euro spike discussed in context of a longer recession