Wednesday, August 4, 2010

You can feel deflated

Is America ready to fight deflation?

Nomura chief global economist Paul Sheard says the Federal Open Market Committee, the US version of the Monetary Policy Committee, will have to begin increasing rates “or at least to stop the passive contraction of its balance sheet”, which are two of the three tools it has at its disposal.

Posted by fuzzy @ 02:11 PM (936 views)
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