“Pipeline inflationary pressures are greater and the economy is stronger today than they were ten years ago when the FOMC began raising the fed funds rate. Why is the FOMC reluctant to raise the funds rate now?” Another good read from Paul Kasriel at Northern Trust.
Source link: http://archive.mises.org/1726/why-the-change-in-the-fomc%e2%80%99s-reaction-function/
Why The Change In The FOMC’s Reaction Function?
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