How the Public Lost Trust in the Fed (Which Should Never Have Been Trusted in the First Place)

In a presentation last month, St. Louis Federal Reserve Bank president James Bullard remarked, “The current U.S. macroeconomic situation is straining the Fed’s credibility with respect to its inflation target.” It’s easy to understand why this might be the case.

Leave a Reply

Your email address will not be published. Required fields are marked *