Their "dual mandates" oppose each other and the government has not cooperated at all by cutting any significant spending.
I will say it would be better to keep rates where they are, preserving the value of the currency and be villified as Paul Volker was during "his recession". That takes having a spine with thick skin.
END THE DAMNED FED. NOW. RIGHT NOW!
To be fair, the Fed's choice is:
1- Damned if you do.
2- Damned if you don't.
Their "dual mandates" oppose each other and the government has not cooperated at all by cutting any significant spending.
I will say it would be better to keep rates where they are, preserving the value of the currency and be villified as Paul Volker was during "his recession". That takes having a spine with thick skin.