Thursday, September 27, 2012

Federal Reserve Bank Of Chicago President Supports Monetary Easing

This speech provides an excellent overview of the US economy as well as the global economy.  It also provides the rationale that led to the near unanimous vote of the FOMC to renew its purchase of longer duration treasuries, and mortgage backed securities.  It argues that the risks of passivity in our current situation, outweigh the risks of an  accommodative monetary policy .

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