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But it does argue to permit the current tighter fiscal and monetary position to work as it appears to be doing, perhaps too well/quickly, rather than tightening
by guiriduro 4y ago
But it does argue to permit the current tighter fiscal and monetary position to work as it appears to be doing, perhaps too well/quickly, rather than tightening more out of a dangerous over-abundance of caution.
- nine_zeros 4y agoLikewise, it gives the FED a chance to say that they'll only raise rates by 50% next time and maybe only 25% in January. Then they can keep high interest rates for a long time while layoffs continue to cause demand destruction.
- richiebful1 4y agoFYI, 50 basis points is a 0.5 percentage point increase, not 50%