Watch This Before The Fed Cuts Rates
Episode description
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What happens when the Fed really pivots and starts cutting rates? We know what's supposed to happen, though it never does. Before we get into the history of rate cut programs, we first have to understand why "monetary" policy targets interest rates in the first place. Once we do that it's easy to see why rate cuts are all hype.
Eurodollar University's Money & Macro Analysis
FOMC December 1974
https://www.federalreserve.gov/monetarypolicy/files/fomcmod19741217.pdf
FOMC July 1981
https://www.federalreserve.gov/monetarypolicy/files/FOMC19810707meeting.pdf
FOMC June 2000
https://www.federalreserve.gov/monetarypolicy/files/FOMC20000628meeting.pdf
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RealClearMarkets Essays: https://bit.ly/38tL5a7
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