FOXNEWS The Journal Editorial Report January 29, 2022 20:24:00
Interest rates and negative, meaning a continuing subsidy for credit comic meaning still accommodated monetary policy. is that enough in your view to get this inflation under control? >> nowhere near. paul, i don't think it's anywhere near enough. even if inflation or two, 2% which it was before the pandemic, 0% fed funds rate is not appropriate. cpi is running at seven, pce is running close to five. so what is the neutral fund rate when inflation is running at five? it is certainly not 75 basis points will be three tightening's. the fed will also be allowing the size of its balance sheet to r...
Source: archive.org