Here’s Charles Evans in the WSJ: “We’ve averaged well under that 2% mark for the past six-and-a-half years,” Mr. Evans said. “With a symmetric inflation...
When people ask whether QE worsened inequality they think they are asking a coherent question. But that merely shows how poorly most people understand monetary...
Five year TIPS spreads are at 1.5%. Because the Fed targets PCE inflation, and because 2.0% PCE inflation is roughly equivalent to 2.4% CPI inflation,...