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Josh Sigurdson talks with Tim Picciott of The Liberty Advisor about the recent statements by the Federal Reserve which caused the dollar to tumble among several other factors including news out of Britain. The dollar fell to a 5 month low while stocks and bonds bounced on news from the Federal Reserve's Jerome Powell. Powell claimed that interest rates will remain unchanged in 2020 which of course is absurd. Surely they will not be able to bring interest rates up but to think that we won't see interest rates go down any further in 2020 is hilarious. Powell said that the economy was on autopilot a year ago going into 2019. He said that interest rates would carry on its way upwards. We know what happened instead. Tim breaks down this latest news, what it means for interest rates and what's really causing the repo madness.
We will continue to cover these issues closely!
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Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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