Powell Weighs in on Stimulus; Risks of Overdoing it are Smaller

I guess the market no longer hangs on every word of Fed Chair Jerome Powell. On Tuesday he re-re-iterated the importance of additional fiscal stimulus and noted that he thinks the “risk of overdoing it” are smaller than underdoing it. And on Wednesday, President Trump effectively killed the fiscal stimulus bill. Well, put it into a short-lived coma may be the more appropriate way to put it. I encourage you to see what my colleague Tom Block has to say on this. See page 9.

This week the F...

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