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Tuesday, November 28, 2017

Fed Frets About Inflation While Preparing Another Rate Hike

Tim Duy:

Fed Frets About Inflation While Preparing Another Rate Hike, by Tim Duy: The minutes of the Oct. 31-Nov. 1, 2018 FOMC meeting made a bit of a splash with their mixed message. The minutes revealed widespread concern with the weak inflation numbers of the past year. Yet the minutes also showed that committee members were committed to a December rate hike. Damn the torpedoes, full speed ahead! Why the mixed message? Two words: “gradual” and “lags.” ...Continued here (blog and newsletter)...

    Posted by on Tuesday, November 28, 2017 at 10:51 AM in Economics, Monetary Policy | Permalink  Comments (0)


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