We Need One More Job Loss – His
|Fed Chairman Ben Bernanke (right) With Two |
Conservative Fed Officials
Since November, inflation has risen and unemployment has fallen. I do not believe that providing more accommodation—easing monetary policy—is the appropriate response to these changes in the economy.
See Mr. Kocherlakota seems to think that the economy has recovered and that we now need to worry about inflation. Well how much inflation has there been, almost 1.5% in non core Personal Consumption Expenditures year over year changes.