Innocent fear mongering from St. Louis Fed’s Bullard

This is bad beyond description, as it displays total ignorance of the difference between interest rate determination in fixed vs floating exchange rate regimes, which may be the only thing standing between this disaster of an economy and unimaginable prosperity. Worse is that it goes unchallenged, apart from the still relatively small MMT community. Fed […]

St. Louis Fed Pres Bullard

[Skip to the end] Bullard is indicating rates should be left low until the Fed’s balance sheet is reduced. This would mean longer rates would likely go higher before the Fed allows short rates to rise. (It also shows he’s very confused on monetary operations but that’s a different issue.) Fed officials say must not […]