St. Louis Fed: It's Simple to Make Sure the Yield Curve Doesn't Invert, Don't Hike Rates


In a downright farcical case of “treat the symptom, not the disease,” James Bullard of the St. Louis Fed advocates not raising rates any further so as to avoid inverting the yield curve. As if avoiding an inversion is a magic anti-recession bullet. It’s the cause-to-effect logical equivalent of running out of gas and blaming the little ‘E’ on your gas gauge.


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