Detailed text transcripts for TV channel - CNN - 20181219:12:36:00
Implication there? what is the lasting impact? >> i think the lasting impact of this is very dangerous, is how i would put it. essentially the fed has worked over the decades, and this is a multi-decade project to establish credibility and show they are politically independent and not swayed by the day-to-day considerations, politics of the next upcoming election, and that is critically important for price stability and growth. if you want to look at a useful counter example, look at places like...
Source: archive.org