UBS On-Air: Paul Donovan Daily Audio 'Show me the money'




UBS On-Air show

Summary: US Treasury Secretary Mnuchin has asked the US Federal Reserve to hand over cash. The US Federal Reserve has indicated that it thinks it might be better to use the money for stimulus purposes. Given that there are increased restrictions on the US economy, economists are inclined to side with the Fed. Markets prefer it when policy exhibits joined up thinking?this situation is not joined up and shows limited evidence of thinking.