What’s the trigger that will cause the Fed to act?

posted by
March 18, 2013
Cato Institute
by Henry G. Manne and Richard W. Rahn  
Posted in Commentary

"Perhaps the most troublesome question that investors and business decision makers confront today is 'When will significant inflation and interest rate increases show up?' The next quarter, the next year, the next decade? Everyone fears these, but no one can predict exactly when they will appear. Investment is severely hampered by this uncertainty. The potential inflationary/interest rate pressures exist largely as a result of Fed’s massive purchase of government bonds and mortgage-backed securities." (03/17/13)


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