Stephen Cecchetti
Stephen Cecchetti
callous compassion looking raising risk run tough
I think this is very, very tough for the Fed. There's also the compassion issue. You run the risk of looking very callous by raising rates.
bunch cleaning dentist fixing monetary spend true
The same is true of monetary policymakers. They're just a bunch of technicians, cleaning teeth, fixing fillings. You don't spend every day obsessing about what your dentist is up to.