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Has the Fed Missed the Zero Rate Exit Ramp?
Tantalus was eternally doomed to stand in a pool of cool water beneath a fruit tree. Whenever he reached for the fruit, the wind would blow the branches out of his reach; if he kneeled to drink, the water would drain away. After years of extreme policy, the Fed's twin goals of faster growth and 2% inflation remain tantalizingly out of reach. But are the Governors ready to look past the commodity bust, a strengthening dollar, and a near meltdown in Chinese stocks, and "tighten" policy for the first time in nine years? The Fed has talked the talk of "exit strategies" for years. The bank once upon a time asserted that ... (full story)
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- Ill-b-back
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When the facts change I change my mind, what do you do sir
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Carbon-Dioxide: the gas of life!
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