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Fed Governor Raskin: Additional policy accommodation is warranted

|Includes: ProShares UltraShort 20+ Year Treasury ETF (TBT), UUP

She is a relatively new governor and normally does not discuss monetary policy…

  • Fiscal and monetary policymakers should consider should wide array of job promotion steps
  • Labor market even weaker than it appears
  • Transmission of policy actions more muted than would have expected

Interesting comments from someone who does not weigh in often on monetary policy. She has been voting with Bernanke, so she’s not shifting the balance of power, but she is becoming more vocal.