4 votes

Leaving QE, never easy

2 comments

  1. skybrian
    Link
    One thing I think we’ve learned pretty well is that there are supply bottlenecks in all sorts of surprising places that can take many months to resolve. It seems like it would be easy to overreact...

    One thing I think we’ve learned pretty well is that there are supply bottlenecks in all sorts of surprising places that can take many months to resolve. It seems like it would be easy to overreact and create a boom-bust cycle?

    1 vote
  2. HotPants
    Link

    That’s why the next six months will likely define the legacy of the Powell Fed’s current term:
    the case—and the need—for tightening policy has never been stronger, and financial
    markets have never been more dependent on the Fed. That’s why this Jackson Hole meeting
    is worth paying attention to. It’s time for the Fed to recalibrate its policy toward better
    limiting financial stability risks and help us move to a less uneven economy. It’s a hard decision, I know. It always will be. To misquote R.E.M., Leaving QE, never easy