Wishing Warsh Good Luck With Pre-emptive Tightening of Monetary Policy
On Friday, Federal Reserve Governor wrote an op-ed piece in the Wall Street Journal titled “The Fed’s Job Is Only Half Over.” In this piece, he suggested that while “…longer-term inflation expectations are stable, and economic conditions are likely to warrant exceptionally low levels of the federal-funds rate for an extended period…prudent risk management indicates … Read more