This is a massive week for monetary policy.
On July 31, the United States Federal Reserve will cut interest rates for the first time since the 2008 financial crisis. The event has been highly anticipated, even though almost everyone on Wall Street thinks they already know what the outcome will be.
What they don’t know is how Jerome Powell, the Fed’s chairman, will justify stimulus at a time when the economy appears to be doing just fine.
Continue reading at CIGIonline.org ...