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Daily Archives: August 26, 2011
More from Fed’s Hoenig on limits and goals of monetary policy
Another excellent interview from Federal Reserve Bank of Kansas City President Thomas Hoenig. Hoenig is an adult with a rational, thoughtful take on the Fed’s mandate and the limitations of what they can and should be targeting. Hoenig says there’s … Continue reading
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The Bernak offers the stimulus stick back to Congress
As the consensus view predicted, Bernanke did not signal further stimulus today, although he urged Congress to get a grip and roll out some meaningful fiscal stimulus. He also urged them to not underestimate the fragility of the present economy. … Continue reading
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