@greg_ip @KeineWunder It's politics (and thats fine). They loosened the other April restrictions on dividends and buybacks. Congressional left were on their case. Quarles de facto pre-committed to this course of action. Those in know said it won’t be a problem. Summarized here:
adamtooze.substack.com/p/chartbook-ne…
RT @rortybomb: Forget the zero headline; core inflation takes a dive last month, coming in at an annualized 3%, driven
August 11, 2022
RT @rortybomb: Forget the zero headline; core inflation takes a dive last month, coming in at an annualized 3%, driven by a decrease in ser…