Fed under pressure to act, no longer ‘has the luxury of time,’ – Jefferies’ economist
“’I just don’t see the benefits of waiting until December,’ said Aneta Markowska, chief financial economist at Jefferies. ‘A lot has changed in the past two weeks. Almost all the worries they flagged in September have materialized or are in the process of materializing. So they don’t have the luxury of time anymore.’”
USAGOLD note: Markowska channels the thinking of a good many on Wall Street particularly with it becoming increasingly a concern that, barring a political miracle, we might not get anything on the fiscal side until well into next year.
Repost from 11-1-2020