The Fed Just Admitted Prices are Permanently Higher
The Heresy Financial Podcast - A podcast by Joseph Brown
In this video, we cover the main highlights from the FOMC Press Conference that took place July 28. There were a few surprises out of this meeting, one of which I've been predicting for a while. First, they are now officially setting up two standing repo facilities. Second, Powell defined "transitory" as referring to the rate of change, not the absolute price level. iTrustCapital https://bit.ly/itrstcptl