The Manufacturing Recession Has Already Begun According to The Fed’s Ballard (Video)
The Manufacturing Recession Has Already Begun According to The Fed’s Ballard Video by Silver Report
According the Jim Ballard of the Federal Reserve the manufacturing recession has already begun. We already knew this but it must be advanced if fed officials are now admitting it. Typically they only admit things are bad after they are already too far gone. He was one of the dissenting votes in the Feds 25 bps interest rate cut. He explained His dissent was because the economy needed a 50 bps rate cut to avoid a collapse as the recession in manufacturing has already begun.