I don't know how anyone can read this, via @pdacosta, and think that current Fed policy isn't a complete mess: http://bit.ly/1h44cZL
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En réponse à @scottlincicome
@scottlincicome@pdacosta You mean because of the irrational desire to tapper prematurely?1 réponse 0 Retweet 0 j'aime -
En réponse à @jneeley78
@jneeley78 because of getting themselves in this position in the first place. And by being fallible (i.e. human).@pdacosta2 réponses 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome@pdacosta If some at the Fed want to tighten before the evidence suggests they should, that's a problem with them.1 réponse 0 Retweet 0 j'aime -
En réponse à @jneeley78
@jneeley78 I think you've missed the point. A sound policy is one that doesn't produce such concerns/mayhem, or prevent exit.1 réponse 0 Retweet 0 j'aime -
En réponse à @scottlincicome
@scottlincicome So if some Fed officials are concerned about a policy, that makes it unsound?1 réponse 0 Retweet 0 j'aime
@jneeley78 no, if you craft a policy with indefinite/malleable benchmarks, unknown effects/exits, and multiple, subjective decisionmakers
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RTS. You didn't read the article, did you?