CSPAN2 Hearing On Unaccompanied Immigrant Children Sponsor Background Checks December 3, 2015
This asymmetry suggests its appropriate to be more cautious in raising our federal funds rate than would be the case if shortterm nominal Interest Rates were appreciably above zero. Reflecting these concerns we have maintained our current policy stance even as the labor market has improved appreciably. However we must also take into account the welldocumented effect of Monetary Policy. Were the fomc to delay the policy normalization for too long we would like he likely end up having relatively abrupt rates to keep the economy from significantly overshooting both of our goals. Such an abrupt ti...