- From the President down, with markets bleeding, market observers are clamoring for the Fed to lower rates – or at least not raise them further.
- There are some economists, like Martin Feldstein, who argue that the Fed should simply ignore this noise and keep on raising rates.
- The thought is that rates should be considerably higher so the Fed can lower rates when the next recession arrives.
- While we’re somewhat in the middle in this debate, there are more fundamental issues at stake – like what are the role and limits of the Fed?
Bring On The Powell Put
November 27th, 2018 · No Comments
Tags: Economic Policy