Wow, the bears are getting margin-skimmed by the stock market bullies.
Brainard: The Disconnect between Inflation and Employment in the New Normal
It is a pleasure to be here at the National Tax Association Annual Spring Symposium. Just as it may take the tax experts and practitioners here today some time to disentangle the longer-term implications of recent major changes to tax policy, so, too, we are in the process of analyzing the lessons for monetary policy of apparent post-crisis changes in the relationships among employment, inflation, and interest rates.1 The Congress has assigned the Federal Reserve the job of using monetary policy to achieve maximum employment and price stability. Price stability means moderate and stable inflation, which the Federal ... (full story)
Added @ 12:20pm
Fed member Brainard says letting inflation run slightly over 2% fed target would have some benefits
- Posted: May 16, 2019 12:15pm
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