The Wall Street Journal’s Nick Timiraos – known as the “Fed Whisperer” for his insight (or access) into the inner workings of the central bank – warns what we here at Porter & Co. have been telling readers for months: the Fed finds itself “between a rock and a hard place” today (from The Wall Street Journal on June 12)…
Federal Reserve Chair Jerome Powell finds himself in a place no central banker wants to be: working to avert a credit crunch, which calls for looser monetary policy, while fighting high inflation, which demands the opposite. Strains in the banking industry, which followed the collapse of three midsize lenders this spring, help explain why some