The Fed’s late-2024 rate cuts have undermined credibility about its inflation target. Also wouldn’t a “soft-landing” (btw, a totally inept metaphor if the goal of policy is to keep the economy cruising along) be easier to reach with long term rates where they were before the Fed cut the funds rate target? The Fed’s rhetoric and actions are not consistent
Picking a fight with a presidential admin's top economic priorities would be deeply unwise in any event. But here, the Fed seems to be planning not only to blame the admin for inflation, but to wrongly blame the admin for inflation! What an impending trainwreck.
great program but how about something a body can do?
The Fed’s late-2024 rate cuts have undermined credibility about its inflation target. Also wouldn’t a “soft-landing” (btw, a totally inept metaphor if the goal of policy is to keep the economy cruising along) be easier to reach with long term rates where they were before the Fed cut the funds rate target? The Fed’s rhetoric and actions are not consistent
Picking a fight with a presidential admin's top economic priorities would be deeply unwise in any event. But here, the Fed seems to be planning not only to blame the admin for inflation, but to wrongly blame the admin for inflation! What an impending trainwreck.