Brad Delong raises an interesting point on short term interest rates set by the Federal Reserve: I see nothing in the data to suggest that 2% will be reached if the Federal Reserve does not reverse its tightening cycle as ill-judged. That is all. Jared Bernstein: Inflation?! We ain’t got no stinkin’ inflation!: “The core …
Interest rates, good policy and good politicsPost + Comments (23)