Ahead of the upcoming FOMC meeting, the Fed is dealing with another problem of its own creation. The stock market is elevated and the economy and inflation are on the descent.
Monetary policy meaningfully contributed to the distress at the Silicon Valley Bank and recent swings in financial markets.
“Markets and Volatile Monetary Policy: Empirical Lessons from Banking Instability” offers a solution for officials and an opportunity for investors to profit.
We look forward to any comments you might have.
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Last week, we released “A Story of Money, Inflation, and the CFS.”