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Tuesday, May 16, 2017

The Fed Is Making a $2 Trillion Mistake

Narayana Kocherlakota:

The Fed Is Making a $2 Trillion Mistake: Sometime later this year or early in 2018, the U.S. Federal Reserve intends to embark on an unprecedented maneuver: Reducing the vast bond holdings that it has accumulated in its efforts to support the economy over the past decade. I think this is a mistake, in both concept and implementation. ...

    Posted by on Tuesday, May 16, 2017 at 10:57 AM in Economics, Monetary Policy | Permalink  Comments (51)


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