"We are in uncharted waters," says the Cleveland Fed's Sandra Pianalto, again trying to make the case for slowing the Fed's asset purchases. A reduced pace, she says, would minimize risks of overdoing it while still providing accommodation. So $85B is too much, but something in the area of, say, $50B is just right. Oh to spend our days running an economy from a university faculty lounge.
"We are in uncharted waters," says the Cleveland Fed's Sandra Pianalto, again trying to make the...
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