2 ms·
Central banks are famously cryptic about some things, especially about things that may be taken as indication of future action. But they are pretty transparent
by wpietri 4y ago
Central banks are famously cryptic about some things, especially about things that may be taken as indication of future action. But they are pretty transparent about goals. E.g.: https://www.stlouisfed.org/in-plain-english/the-fed-and-the-dual-mandate https://www.stlouisfed.org/in-plain-english/the-fed-and-the-...
What you have is at best an acknowledgement of a typical consequence of one kind of Fed intervention, but I don't think that's at all evidence of a goal.
- 1123581321 4y agoI suppose I can only appeal to the broadly held view that investment and debt are considered to have effects on employment rates and economic growth.
- wpietri 4y agoSure. I agree that there are broad effects and never said otherwise. My objection in this subthread is to the much more specific claim "the goal of low interest rates was to force savers into riskier assets".
- 1123581321 4y agoAt no point has your question been misunderstood.