Because they are complete fools. Dallas Fed chief Fisher's comments are only the latest data point proving there's just no there there with Fed policy...
The admin already shot itself in the face on Bernanke, but does anyone know if the Obama Administration can have embarrassments like Plosser and Fisher removed?
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Just heard an explanation on NPR about why deflation is a problem. The reporter said
ReplyDelete"And that's why the Fed does all they can to avoid it"
Thought you might be amused.
that's hilarious. It deserves front-page billing...
ReplyDelete-TV