"The Fed is missing on both of its goals," says San Francisco Fed chief Williams (not an FOMC voter this year), noting not just the high unemployment rate, but inflation of 1.5% - lower than the targeted 2%. Translation: The beatings will continue; by Williams' calculations, well into the 2nd half of 2013.
"The Fed is missing on both of its goals," says San Francisco Fed chief Williams (not an FOMC...
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