|
The Fed is all over the place, flip-flopping sometimes within a matter of weeks. They're confident about inflation then they're not. What's the real reason for so much back and forth, the obvious insecurity? It's the story no one really knows and what actually ties the current day with the past Great Inflation. Eurodollar University's Money & Macro Analysis CSPAN William Proxmire https://www.c-span.org/video/?322377-1/political-career-senator-william-proxmire https://www.c-span.org/video/?39834-1/government-waste https://www.c-span.org/video/?c4704392/sen-william-proxmire Hutchinson v Proxmire https://www.oyez.org/cases/1978/78-680 Federal Reserve Memo Nov 6, 1973 & letter from Arthur Burns to Senator Proxmire https://fraser.stlouisfed.org/files/docs/historical/burns/Burns_19731106.pdf NYT Dec 2, 1975 Proxmire Would Curtail Banks https://www.nytimes.com/1975/12/02/archives/proxmire-would-curtail-banks.html FOMC Transcript July 1981 https://www.federalreserve.gov/monetarypolicy/files/FOMC19810707meeting.pdf https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |