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Filtering by entity: Greg Faranello | Clear Filter
Summary:The post asserts the Federal Reserve should have raised rates in early 2021, stating the organization is broken, incompetent, and uses outdated information. It expresses strong disagreement with Ken Griffin regarding defending theoretical independence, arguing that the Fed's two-target approach is rigid and its disregard for money supply is a significant problem. It further claims Chair Powell was late to raise rates, is dragging his feet on cuts, and predicts significant rate reductions of 50, 75, or even 100 basis points.
Sentiment:Critical
Key Claims:
- The Fed should have raised rates in early 2021.
- The entire Fed organization is broken and needs to be fixed.
- The Fed needs to use modern sources of information.
- There is strong disagreement with Ken Griffin's position on defending theoretical independence.
- Incompetence at the Fed is a more significant issue than defending theoretical independence.
- The Fed's adapted 'two target' approach is too low and rigid.
- The Fed followed data that is years delayed.
- The Fed's disbelief in the importance of money supply is a major problem.
- Chair Powell was late to raise rates.
- Interest rates need to come down.
- Chair Powell is delaying rate cuts.
- The Fed is expected to cut rates by 50, 75, or potentially 100 basis points.
Potential Market Impact (S&P 500):8/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:8/10
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