Why I Dissented
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Why I Dissented
1–10 of 65 posts
Re: Why I Dissented
#2I don't agree with the premise (that the dual mandate set by Congress of maximum employment and 2% inflation should be the overarching goal of the Fed) or the conclusion (that the Fed should wait on raising interest rates), but I appreciate the transparency and attention to detail of Mr. Kashkari's analysis. More public officials should publish the reasoning behind their decisions.
Re: Why I Dissented
#3Would someone mind to provide a bit more context around what this is about? I'm feeling rather lost reading this.
Re: Why I Dissented
#4Would someone mind to provide a bit more context around what this is about? I'm feeling rather lost reading this.
raising interest rates
Re: Why I Dissented
#5I don't agree with the premise (that the dual mandate set by Congress of maximum employment and 2% inflation should be the overarching goal of the Fed) or the conclusion (that the Fed should wait on raising interest rates), but I appreciate the transparency and attention to detail of Mr. Kashkari's analysis. More public officials should publish the reasoning behind their decisions.
> that the Fed should wait on raising interest rates
I don't agree either. If the economy tanks again, there is almost nothing that can be done, being that one of the usual steps is to lower interest rates to spur growth.
Re: Why I Dissented
#6Would someone mind to provide a bit more context around what this is about? I'm feeling rather lost reading this.
US monetary policy is largely governed by the fed, which has 25 branches throughout the USA.
They meet and discuss and then form US monetary policy. You can google and read their decisions.
It's not easy to get up to date with this stuff. You're going to have to put in over 100 hours of study to get a basic handle on the vocabulary.
Re: Why I Dissented
#7Would someone mind to provide a bit more context around what this is about? I'm feeling rather lost reading this.
Re: Why I Dissented
#8Would someone mind to provide a bit more context around what this is about? I'm feeling rather lost reading this.
Kashkari was the lone dissenter in the most recent FOMC meeting, which determines the US Federal Funds Rate.
A decent intro (http://www.frbsf.org/education/files/MonetaryPolicy.pdf
Re: Why I Dissented
#9Take a look at the chart titled "Market-Based Inflation Expectations". What's the rationale for selecting the 19% and 24% percentiles. I assume these are percentiles of all values of the underlying metric recorded throughout the week. If that's the case, why does the subtitle says 'Weekly AVERAGES'?
Re: Why I Dissented
#10I don't agree with the premise (that the dual mandate set by Congress of maximum employment and 2% inflation should be the overarching goal of the Fed) or the conclusion (that the Fed should wait on raising interest rates), but I appreciate the transparency and attention to detail of Mr. Kashkari's analysis. More public officials should publish the reasoning behind their decisions.
Whether you think it's a good idea or not, having the dual mandate be the overarching goal is in fact his job by law so he has to take that position.
I agree that more public officials should publish the reasoning behind their decisions.
BTW I think a single mandate of price stability would be a better choice; perhaps you feel the same way. But that would require an act of congress -- good luck!