Must-Read Pre-Liftoff Lollapalooza: Peter Newcomb (2013): Fed Hawks Worry about Threat of Inflation

Must-Read Pre-Liftoff Lollapalooza: Peter Newcomb (2013): Fed Hawks Worry about Threat of Inflation: “Two top Federal Reserve policymakers expressed discomfort on Thursday with the U.S. central bank’s easy monetary policy…

…That stance is hardly representative of other influential officials…. Their view was more closely captured by comments from Narayana Kocherlakota, who noted inflation was forecast to remain below the central bank’s 2 percent target for the foreseeable future, even by the Fed’s own estimates. ‘This forecast suggests that, if anything, monetary policy is currently too tight, not too easy,’ he said in remarks in Minneapolis…