Tuesday, March 03, 2015
Can't anybody here play this game? Federal Reserve Edition
So Gentle Ben Bernanke opposes Congress mandating that the Fed follow a policy rule because "
“The Fed already has a rule,” Mr. Bernanke said during a panel discussion at the Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy. “It’s committed to hitting a 2% inflation target and aiming for the natural rate of unemployment. These are rules.”
Phone call for Ben Bernanke!! BB phone home!!
People, the Bernank has more Fedsplainin' to do. Look at this picture:
The article the graph came from was headlined "US Inflation undershoots Fed's 2% Target for 33rd straight month".
Maybe we should audit the Fed!!