Pantheon Macroeconomics - Perhaps the biggest single reason for the Fed's reluctance, so far, to move away from monetary policy designed to cope with catastrophe is that no-one knows for sure how much of the damage has been repaired, and how close the economy is to normalizing.

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30 Mar. 2015 Output Gap Uncertainty Paralysis Keeps the Fed's Focus on Wages

By Ian Shepherdson

Perhaps the biggest single reason for the Fed's reluctance, so far, to move away from monetary policy designed to cope with catastrophe is that no-one knows for sure how much of the damage has been repaired, and how close the economy is to normalizing.

Posted: 30th Mar 2015 in 'U.S. Documents'

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