January 26, 2012
'Fool In the Shower' to Give the Fed a Scalding
Caroline Baum, Bloomberg
Long and variable lags. That’s all I could think of yesterday when I read the Federal Reserve statement and learned that economic conditions “are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014. . ."
TAGGED: Federal Reserve System, Caroline Baum, Monetary Policy