Is the Fed falling behind the curve?

  • The nature of the 2008/9 crisis was different from previous crisis, and the nature of the recovery also differed.
  • Apart from explaining the tepid nature of the recovery itself, it also shows the difficulties in interpreting the economy.
  • These difficulties complicate the timing of policy changes by the Fed and significantly increase the risk that the Fed is falling behind the curve.

Is The Fed Falling Behind The Curve? | Seeking Alpha