0.25% Rate Hike Shows Fed's Commitment to Protect USD at Euro's Cost #100
1 year ago
2
I make three points:
1. Federal Reserve serves the interests of the big WS banks, not small regional banks, the administration, or foreign banks
2. Rate hike is not so much about controlling inflation as it is about reinforcing the dollar's credibility
3. ECB in this case is a competitor to be sacrificed
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