Brian Chappatta
BChappatta
It's JPOW time. Powell:"We have seen that the longer-run potential growth rate of the economy is lower than it once was.""The neutral rate is also much lower than before.""Our policy
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But back to the topic at hand: wealth inequality. On an absolute basis, the wealth of the top 1% grew by almost **$6 trillion** just from March 31 through Sept.
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If 2020 has taught investors one thing, it’s that the Fed is all-powerful.Except in fighting wealth inequality. A thread:https://www.bloomberg.com/opinion/articles/2020-12-31/the-fed-is-powerful-except-in-fighting-wealth-inequality?sref=n
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wow! via @amanda_albright *NEW YORK MTA REJECTS BANKS' BIDS ON NOTE SALE, COULD SELL TO FED Here are the bids for the MTA's $465 million of revenue anticipation notes.All REJECTED.https://www.muniauction.com/pma/results/MTA.TRBAN.20
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