The Fed Does Nothing - Again - And Mike Goes on a Field Trip

The Fed met last week and once again took no action. As usual, the headlines were generated by the things Powell & Company said and didn't say. In this episode of the Midweek Memo podcast, host Mike Maharrey analyzes the meeting and the messaging that came out of it. He explains why the rhetoric has very little connection to reality because everybody seems to be ignoring the proverbial elephant in…