Federal Reserve Alert! Governor Christopher J. Waller in Speech: "monetary policy works mostly by influencing the public's view of financial and economic conditions well into the future, affecting spending and investment decisions."
So much for the invisible hand, he prefers to just guide it?
https://www.federalreserve.gov/newsevents/speech/waller20230713a.htm
Highlights:
On Recent Policy Actions
Waller supported the decision to keep the policy rate (the interest rate at which banks lend to each other) the same in June.
* He felt