The Fed’s actions say “So much for symmetry”

The Fed’s actions say “So much for symmetry”



 – by New Deal democrat

Interest rates and money supply are the two long leading indicators under the control of the Fed. With yesterday’s indication that they will hike 4 rather than 3 times this year, they are belying their statements that they will treat 2% core inflation as a target rather than a ceiling.

This post is up at XE.com.



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