Fed’s Williams: Fed knows how to take away the punch bowl

Author: Jamie Coleman | Category: Central Banks

When the time comes to raise rates the Fed knows how to take away the punch bowl.

The must have watched a You Tube video or dusted off some old documents from the Volcker days…

“Taking away the punch bowl” refers to the old central banker’s adage that their job is to take away the punch bowl just as the party gets rocking…

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