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Glad the FOMC does not pay much attention to your advice. Real rates are too high and risk causing a financial accident. Why take that risk? Inflation is at the Fed's goals now, except if you measure over 12 months. If you look at 3 months or 6 months they are there now. And employment which at best is a coincident indicator is slowing. So why wait any further to cut? Most commodity prices, dollar, yield curve are telling you that the target rate is not too easy. Risk management would tell you it is time to reduce the target fed funds rate. Your approach would pretty much insure a hard landing.

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