Swiss Economicblogs.org
Summary There is much to like in Bullard’s new paradigm. The problem is that it does not reflect the Federal Reserve’s view or approach. Policy emanates from the Fed’s leadership, but be confused by the noise. The dot plot the recent FOMC meeting was curious. We noted right away that inexplicably there was one official that apparently anticipated one hike this year and then no hikes in 2017 or 2018. There was...
Read More »Bullard’s New Paradigm and the Federal Reserve
