The meme is “money printer go brrr,” but according to this macro expert, central banks have almost no power to actually influence money itself.
The conventional wisdom is that central banks are the most important economic actors in the world. Markets hang on their every word.
Yet, what if that power has less to do with actual monetary policy and more to do with how the performance of that policy creates a self-fulfilling prophecy as market actors respond to media coverage?
Jeff Snider is the head of global research at Alhambra Investments. In this conversation, he and NLW explore:
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