The Fed wants inflation

| 4 July 2008 11:06

I have said that the Fed is dovish and wants inflation to do its job of reducing the economic burden of the massive debt in the United States.

Fed Governor William Poole, who just recently left the Fed, has apparently confirmed this. See the blog immobilienblasen to read more.

This gives us yet more reason to understand why real interest rates in the U.S. are negative.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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