Fed Panel Is Divided on Direction – NYTimes.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"When the Federal Reserve\u2019s policy-making committee meets on Tuesday and Wednesday, 5 of the 10 voting members will arrive in open disagreement with the chairman, Ben S. Bernanke, about the direction of monetary policy. Three conservative members say the Fed has already done too much. Two liberals say the Fed needs to do much more. … <\/p>\n
Continue reading “Fed Panel Is Divided on Direction – NYTimes.com”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1352,2346,2827,2831],"class_list":["post-1700","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","tag-fed","tag-monetary-policy","tag-qe","tag-quantitative-easing"],"yoast_head":"\nFed Panel Is Divided on Direction - NYTimes.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fed Panel Is Divided on Direction - NYTimes.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"When the Federal Reserve\u2019s policy-making committee meets on Tuesday and Wednesday, 5 of the 10 voting members will arrive in open disagreement with the chairman, Ben S. 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During an ECB panel discussion Jerome Powell stated that he only expects the Fed to hit their 2.0% inflation target for core inflation in 2025. The Fed Chair says job creation and real wage gains are driving real incomes and\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Unemployment, Average Hourly Earnings Growth","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-02-u3-wages.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-02-u3-wages.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-02-u3-wages.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":42875,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/07\/06\/fed-faces-three-uncomfortable-truths\/","url_meta":{"origin":1700,"position":3},"title":"Fed Faces Three Uncomfortable Truths","author":"Colin Twiggs","date":"July 6, 2023","format":false,"excerpt":"IMF deputy head, Gita Gopinath, recently highlighted three uncomfortable truths for monetary policy: Inflation is taking too long to get back to target. Financial conditions may not be tight enough and sustained high inflation could make the task of bringing inflation down more difficult. Central banks' price and financial stability\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"IMF deputy head Gita Gopinath","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/gita-gopinath-150x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":7076,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/19\/fed-ngdp-targeting-would-greatly-increase-global-financial-stability-the-market-monetarist\/","url_meta":{"origin":1700,"position":4},"title":"Fed NGDP targeting would greatly increase global financial stability | Market Monetarist","author":"Colin Twiggs","date":"March 19, 2013","format":false,"excerpt":"Lars Christensen describes how NGDP targeting would help the global economy withstand shocks like another eurozone crisis: Lets look at two different hypothetical US monetary policy settings. First what we could call an \u2018adaptive\u2019 monetary policy rule and second on a strict NGDP targeting rule. \u2018Adaptive\u2019 monetary policy \u2013 a\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4257,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/02\/paul-l-kasriel-dont-end-the-fed-mend-the-fed\/","url_meta":{"origin":1700,"position":5},"title":"Paul L. Kasriel: Don\u2019t End the Fed, Mend the Fed","author":"Colin Twiggs","date":"May 2, 2012","format":false,"excerpt":"Although the return to a gold standard for our monetary system has much appeal, it is unlikely to occur. So, let\u2019s not let the perfect be the enemy of the good. Perhaps there is second-best monetary policy approach to the gold standard that might achieve most of the desirable outcomes\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1700"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1700\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}