Good speech by NY #Fed Williams pushing back against early hikes. Williams: "Long way to go until max employment" Translation: No way we hike in '22. Williams: "I expect inflation to come back to 2% next year." Translation: Maybe (maybe) we hike in '23. marketwatch.com/story/fed-wi…

7:36 PM · Sep 27, 2021

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Replying to @R_Perli
Does keeping rates at 0% as opposed to 0.25% actually help employment? We know it causes asset bubbles, inequality, poor capital allocation and moral hazard. The poor are still hurting from the GFC, why cause an even bigger asset bubble by keeping rates at zero?
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