December 4, 2018

The sad state of the economy

Some “conflicting” comments: Federal Reserve Vice Chairman for Supervision Randal Quarles on Monday brushed off criticism of the central bank’s monetary policy choices and plans and said key remarks from the Fed’s leader last week didn’t signal a shift in the interest-rate outlook. According to him: “The data show we are doing a pretty good job of meeting the employment and inflation goal laid out by Congress”. Vice Chairman Richard Clarida is more nuanced: “In recent decades, the asymmetry has been toward disinflation forces,” Vice Chairman Richard Clarida said in an interview with Bloomberg Television. Asked about the price impacts… Read More