Thus, what happens to the U.S. economy,
U.S. financial asset prices and the exchange value of the dollar has important implications for the global economy.
This set of monetary policies
affects financial asset prices in a different way compared to changes in short - term interest rates, and we should be humble about what we claim about understanding the importance of this distinction.
Whereas the previous Fed Chairs might have been more inclined to worry about
rocketing financial asset prices and increase the pace of tightening in this environment, Powell will maintain status quo even in this scenario.
It includes not just consumer prices but also producer prices, commodity prices and
financial asset prices.
Having rapidly pulled ahead over the past three decades, China must remain free of rentier ideology that imagines wealth to be created by debt - leveraged inflation of real - estate and
financial asset prices.
The law of large numbers did not apply, because the results were highly correlated with housing prices,
financial asset prices, etc..