WallStreetWindow.com

Is the Fed hiding something? Why weekly money supply data just got discontinued – Steve Hanke – Source – Kitco News (04/07/2021)

Official portrait of Governor Jerome H. Powell. Mr. Powell took office on May 25, 2012, to fill an unexpired term ending January 31, 2014. For more information, visit http://www.federalreserve.gov/aboutthefed/bios/board/powell.htm

The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly. Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude from the world’s largest central bank on the importance of looking at money supply.

Exit mobile version