October 29, 2018

The FOMC deceives itself

With all the talk about the economy being “in a good place” and being “strong”. A couple of examples. From Jerome Powell: Today I will focus on the Federal Reserve’s ongoing efforts to promote maximum employment and stable prices. I am pleased to say that, by these measures, the economy looks very good. I am glad to be able to stand here and say that the economy is strong, unemployment is near 50-year lows, and inflation is roughly at our 2 percent objective. Atlanta Fed´s Bostic “ups the ante” writing: The economy is in a good place. So good, in… Read More