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49 sats \ 4 replies \ @Undisciplined 29 Oct \ on: Does Government Shutdown Affect the Federal Reserve Ability to Ease Policy? econ
I've heard the Fed is not affected by shutdowns in the same way, so I doubt they're prevented from dropping rates.
don't think OP means in a practical/paying-bills sort of way...?
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Maybe not primarily, but that's how I took the final question.
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I think a shutdown increases the probability of a rate cut because Powell can't say we are worried about the labor market overheating, wages are outpacing inflation, etc etc
I wish he would say: the job market in the private sector is strong ergo no rate cut lol
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“The Federal Reserve is not federal and it doesn’t have a reserve.”
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