Credibly promising to be irresponsible...since 2004!
I like Janet Yellen's comment from a 2009 speech: "I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical prowess is top-notch and our forecasting record is second to none. . . . With respect to our tool kit, we certainly have the means to unwind the stimulus when the time is right."
Post a Comment