Mark Thoma sends us to Tim Duy: On The Fed Credibility Gap: “David Wessel opines…. The markets think Fed officials and staff economists are overly optimistic about the U.S. economy, as they have been in the past…. I will suggest another framework: Financial markets are pricing in a ‘secular stagnation’ scenario that is at odds … Continue reading Morning Must-Read: Tim Duy: On The Fed Credibility Gap