Fed’s conduct of monetary policy rewards those who trade cash back-and-forth to game interest rates instead of funding productive enterprise. Undermines growth in terms of output and services for the real economy. https://t.co/eHDCcFZq7u
— Judy Shelton (@judyshel) August 2, 2022
by David C. Mulford
In the winter of 1984–85 the United States faced the rising threat of global economic and financial instability in the world monetary system, which could have led to a global market meltdown or severe world recession
POLICY INSIGHTS
Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%.