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 Meet The 22 Economists That Want To Kill Your Purchasing Power

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Meet The 22 Economists That Want To Kill Your Purchasing Power Vide
PostSubject: Meet The 22 Economists That Want To Kill Your Purchasing Power   Meet The 22 Economists That Want To Kill Your Purchasing Power Icon_minitimeSun Jun 11, 2017 9:29 pm
After the Fed failed to spark any notable increase in aggregate demand despite keeping interest rates at zero for seven years, a group of economists is pressuring the central bank to rethink one of its most closely held-policy parameters.
The group of 22 economists, which includes Nobel laureate Joseph Stiglitz and former Minneapolis Fed President Narayana Kocherlakota, delivered a letter to the Fed on Friday pressuring it to appoint a blue-ribbon commission to reevaluate its policy targets in a way that’s transparent and also involves officials with a diversity of viewpoints. Ultimately, the group hopes the central bank will reevaluate its inflation target, which has stood at just below 2% since 2012.



Meet The 22 Economists That Want To Kill Your Purchasing Power Kocherlakota_0

http://www.zerohedge.com/news/2017-06-09/meet-22-economists-want-kill-your-purchasing-power
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