Additional U.S. monetary stimulus

September 30th, 2010|by Michael Ashley Schulman, Perspectives, The Big Picture|

Additional U.S. monetary stimulus beginning with the November 2–3 Federal Open Market Committee (FOMC) meeting is a foregone conclusion. Policymakers have openly discussed ways to counter the downtrend in inflation expectations and revive economic growth, including an inflation target, a price level target or a nominal income target. These “open mouth operations” have been rewarded […]