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Speaking in Japan, FRBNY President Dudley quashes thoughts of tightening monetary policy with so...

Speaking in Japan, FRBNY President Dudley quashes thoughts of tightening monetary policy with so much slack in the economy. Possibly getting a dig in at the ECB, he warns headline inflation will get a boost from oil prices, but hiking rates because of that would be a policy mistake. No iPad mentions today.
Comments (1)
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    What FED refuses to accept is that monetary alchemy cannot fix economy's structural problems, it can only mask them for a certain period of time.
    To fix the structural problems you have to actually change something - like make easier to do productive activity in the US and make it harder to do non-productive things like fiunancial engenreeing that onlys erves to move money around while not producing anything. There is a need to reduce non-productive burden/' overhead on productiver activities , i.e. cut government spending. This is hard work. It is so much easier to enter numbers on a "money issuing" computer.
    11 Apr 2011, 09:51 AM Reply Like
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