For several years, I have been critical of Federal Reserve policy since the 2008 financial crisis maintaining near-zero interest rates even as the central bank’s balance sheet has risen to over ten times what it was on Lehman Day. Why were Fed decision makers not sensitive to the growing income inequality that resulted?
Policy makers have to maintain a High ground undoubtedly. It does bring a constraint in managing their personal wealth which is highly sensitive to actions of central Bank and which reflects almost immediately in capital values.
Policy makers have to maintain a High ground undoubtedly. It does bring a constraint in managing their personal wealth which is highly sensitive to actions of central Bank and which reflects almost immediately in capital values.