Did The Fed just swing from omnipotence to impotence?
The Fed cut rates and the market dropped.
Time for the Fed to go full Costanza and raise rates. pic.twitter.com/2tYfXbUWIY
— Vamp Capital ??♂️? (@RampCapitalLLC) March 3, 2020
It seems an emergency rate-cut of 50bps has done more to damage confidence that rebuild it… “what do they know?”
The Fed rate cut was unnecessary and panicky. It can’t fix the virus and won’t fix the market or economy.
— Brian Wesbury (@wesbury) March 3, 2020
The Dow is down 1000 points from the post-Powell rate-cut spike high…
