Low Inflation is No “Mystery”. By claiming that low inflation is a “mystery” the Fed is admitting it doesn’t understand the mechanics of QE. Yet, it is perfectly willing to allow people to think QE is what saved the economy. This is teaching an entire generation of young people, who in many cases don’t study economic history, that growth requires government intervention. The only “mystery” is why they would allow this to happen.
Tag Archives: Janet Yellen
Fed Chair Janet Yellen apparently allowed a leak to the Wall Street Journal, published on March 31st, suggesting the Fed understands the problem. The Fed is taking off the table the idea there might be four rate hikes this year, but is putting on the table the idea that it will eventually pause on rate hikes and start reducing the size of its balance sheet as the normalization process continues.
When Quitting is a Good Thing…Chairwomen Janet Yellen’s positive Fed remarks
Watch Reserves, Not Rates. Next week’s Fed meeting (March 15th) is going to be major news one way or another. Most analysts lean our way and now think the Fed will…
Time For a Rate Hike; According to the futures market, there is a 38% chance the Federal Reserve raises rates when it meets in mid-March…But the market is used to the Fed finding reasons to put off justified rate hikes.
Back in the 1970s, President Jimmy Carter told us that we were just going to have to learn to live with less.