@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 @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…