(Oct. 28, 2016) Populist politicians, among others, have claimed in recent years that monetary policy is too easy and that it is hurting ordinary workers. But raising interest rates is not the way to address income inequality.
The Fed and Inequality
Category Archives: monetary policy
Did the Markets Overlook Fed Bullishness in the March 16 FOMC Statement?
(March 18, 2016) Financial markets reacted to the outcome of the Federal Open Market Committee meeting on Wednesday, March 16, as if what the Fed had revealed was highly dovish, that is, diminishing expectations regarding future interest rates.
The Fed, China and Oil
(1/1/2016) My answers to three questions at the start of 2016 (from Chosun Ilbo, leading Korean newspaper):