The Fed is Clearly Signaling They Want to Change the Policy Mix

Minneapolis Federal Reserve President Narayana Kocherlakota’s recent speech made clear that a full understanding of the cost/benefit trade-off for quantitative easing is a missing piece in the communication strategy. Frustratingly, he didn’t try to fill it, which leaves me hoping the incoming Chair Janet Yellen will do so in today’s Senate confirmation hearings. That, however, [...] View the full post at: The Fed is Clearly Signaling They Want to Change the Policy Mix Related posts: Fed’s Words to Be Scrutinized for Hints of Policy Change Fed’s Kohn on Interactions Between Monetary and Fiscal Policy Delong’s Peculiar Definition of ‘Monetary Policy’