Saturday, December 05, 2015

Area Fed Chief Does Not Understand Monetary Policy

Oh Jeebus.
Accordingly, I would like to see rates raised sooner rather than later. With an early start, we can better ensure that monetary accommodation is removed gradually and that inflation returns to the Fed’s 2 percent target smoothly. My fear is that the Federal Reserve risks losing its credibility and only adds uncertainty to the economic landscape the longer the Committee waits to begin normalizing policy.
Raising rates is how we increase inflation now?