The Fed has already accomplished more with its verbiage so far this year than it had in the past when it cut rates multiple times, all the way down to near-zero, and did trillions of dollars of QE. And we're seeing the first results.
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.