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"Moreover, holding the federal funds rate at its current level for too long could also encourage excessive risk-taking and thus undermine financial stability." -Yellen
Yellen seems to have a point. Do you all disagree?
Commented Dec 15, 2015 on Fed Watch: Makes You Wonder What The Fed Is Thinking at Economist's View
Fed Watch: Makes You Wonder What The Fed Is Thinking
Tim Duy: Makes You Wonder What The Fed Is Thinking, by Tim Duy: The Fed is poised to raise the target range on the federal funds rate this week. More on that decision tomorrow. My interest tonight is a pair of Wall Street Journal articles that together call into question the wisdom of the Fed's...
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