by Lays the problem 100% at the feet of the Fed to solve… which means periodic rate increases and a monthly reduction of system Reserve balances “to lend out!”…. ie textbook monetarism 101…Supposed to kick off in March… fewer rate increases with more reserve reduction this year would result in the most financially favorable trade off between these two Fed policy parameters…Biden said it’s the Federal Reserve’s job to rein in the fastest pace of inflation in decades, and backed the central bank’s plans to scale back monetary stimulus https://t.co/bkiZWo8sSq pic.twitter.com/jYNxFlLii3— Bloomberg TV (@BloombergTV) January 19, 2022
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Lays the problem 100% at the feet of the Fed to solve… which means periodic rate increases and a monthly reduction of system Reserve balances “to lend out!”…. ie textbook monetarism 101…
Supposed to kick off in March… fewer rate increases with more reserve reduction this year would result in the most financially favorable trade off between these two Fed policy parameters…
Biden said it’s the Federal Reserve’s job to rein in the fastest pace of inflation in decades, and backed the central bank’s plans to scale back monetary stimulus https://t.co/bkiZWo8sSq pic.twitter.com/jYNxFlLii3
— Bloomberg TV (@BloombergTV) January 19, 2022