Fed Brinksmanship - Will Congress Blink?
I wonder if the Fed decided that it was high time for Congress to deal with the underlying issues which originally justified ZIRP and QE?
My challenge to Gulchers is to specify legislation that the President could sign that would have the effect of stimulating full employment, halting the rise of the dollar, and creating an environment in which the Fed could harmlessly liquidate its QE holdings.
My challenge to Gulchers is to specify legislation that the President could sign that would have the effect of stimulating full employment, halting the rise of the dollar, and creating an environment in which the Fed could harmlessly liquidate its QE holdings.