Interesting. While reading that I came across this article, The Republican Plan to Rein in Janet Yellen’s Federal Reserve
My first thought when I read the headline was what are their plans to rein in congress and the president? I think that is a bigger problem than the Fed.
be late again today having to remove the bing virus
be late again today having to remove the bing virus
be late again today having to remove the bing virus
The Fed isn’t the issue. It is, as you day, the fiscal side. The Fed can only do so much. The politicians have choked off growth. It’s pretty amazing the economy has done as well as it has (and sub 2% GDP, frankly,sucks).
Hensarling wants rules? What about the 2% PCE and sub 6% U3 that was set out two years ago? Way too many GOP people simply don’t understand monetary policy and he nature of inflation (i.e. Market Monetarists as per Kudlow and Pethakoukis). If it were up to them they would have tightened two years ago. For an example of what that does see 1937-38.