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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
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