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Tuesday, May 09, 2017

The Fed Is on the Right Side of Its 'Transitory' Bet

Tim Duy:

The Fed Is on the Right Side of Its 'Transitory' Bet: The Federal Reserve receives a lot of criticism for the way it conducts monetary policy, but it shouldn’t be faulted for delivering a hawkish message at last week’s policy meeting in the face of data showing a marked slowdown in first-quarter growth. The May meeting came off largely as expected, with policy makers leaving interest rates unchanged and the post-meeting statement containing a clear message that policy makers remained set on a June rate hike... Continued at Bloomberg Prophets...

    Posted by on Tuesday, May 9, 2017 at 10:27 AM in Economics, Monetary Policy | Permalink  Comments (20)


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