Canadian Interest Rates Set to Rise?
The team at the Bank of Canada has confused cause and effect once again.
The team at the Bank of Canada has confused cause and effect once again.
The empirical evidence is clear: the Fed is pursuing an expansionist monetary policy — and the economic benefits have been disappointing at best.
The Fed's modern method of policymaking is best described as "ad hoc." This is a big problem for entrepreneurs and most market actors.
The FOMC meeting is over and various Fed officials are back on the speaking circuit. Here is a summary of recent comments.
Home values are up, flipping is back in vogue, and more than a little subprime sauce is needed to keep the party cooking.
The Federal Reserve says it can now turn to tighter monetary policy if the economy continues to expand "as anticipated." But that's a pretty big if.
Dallas Fed's Robert Kaplan and Minneapolis Fed's Need Kashkari are less optimistic than Yellen about the prospects for 2% inflation.