Robert Parry
Robert Parry
assume averages funds inflation maybe natural rate
Let's assume inflation averages 1 to 2 percent. Then you could see maybe the natural funds rate would be -- I don't know -- 3.5 percent, something like that,
arguing inflation longer monetary point reached restraint risky seem sit stage wait
It's risky just to sit back and wait for inflation to show up before we do something, ... One point arguing for monetary restraint is that we seem to have reached a stage where inflation is no longer falling.