#recession #money #recession2023 #money  #inflation #deflation #interestrates #dollar #economy #consumer #bankcrisis Any amateur (like me) with a passing interest in economics knows the story: the Fed controls the economy by raising or lowering interest rates. Those then affect the banking system's credit impulse which either adds to or takes away from the general economy depending on what CBers wish to accomplish. Of course, almost none of that is true. How did it get to be this way? Answering that question reveals a lot more than you might think. Eurodollar University's Money & Macro AnalysisECB Monetary Policy Decisions October 26, 2023https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp231026~6028cea576.en.htmlBundesbank TPIhttps://www.bundesbank.de/en/tasks/monetary-policy/outright-transactions/transmission-protection-instrument-tpi--896158FOMC Transcript August 1, 2011https://www.federalreserve.gov/monetarypolicy/files/fomc20110801confcall.pdfMilton Friedman: A Program for Monetary Stability (1960)https://miltonfriedman.hoover.org/objects/57536/a-program-for-monetary-stabilityFOMC Transcript June 27-28, 2000https://www.federalreserve.gov/monetarypolicy/files/FOMC20000628meeting.pdfRBI  Michael Debabrata Patra: Lost in Transmission? Financial Markets and Monetary Policyhttps://rbi.org.in/Scripts/BS_SpeechesView.aspx?Id=1338BOE Catherine Mann: Expectations, lags, and the transmission of monetary policyhttps://www.bankofengland.co.uk/-/media/boe/files/speech/2023/february/expectations-lags-and-the-transmission-of-monetary-policy-speech-by-catherine-l-mann.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityRealClearMarkets Essays: https://bit.ly/38tL5a7