September 26, 2017

THE TRIUMPH OF IDEOLOGY OVER REALITY:

Fed's Yellen says gradual hikes should continue, despite weak inflation (Reuters, 9/26/17) 

The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday in remarks that acknowledged the central bank's struggles to forecast one of its key policy objectives.

Uncertainty?  What can be more certain than that technology and trade pressures are going to continue their nearly four decades of pressure on prices?



Posted by at September 26, 2017 1:20 PM

  

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