Fed Governor Mishkin on monetary policy
July 29, 2008 at 13:55 PM EDT
[Skip to the end] In case there was any doubt things have changed. from his July 28 speech: Policymakers, academic economists, and the general public broadly agree that maintaining a low and stable inflation rate significantly benefits the economy. For example, low and predictable inflation simplifies the savings and retirement planning of households, facilitates firms’ production and [...]