Fed’s quixotic plan to raise interest rates to the moon once inflation starts
Posted on September 29th, 2009 by Student Loan News
AP - Officials: Fed will need to boost rates quickly : To prevent inflation from taking off, the Federal Reserve will need to start boosting interest rates quickly and aggressively once the economy is back on firmer footing, Fed officials warned Tuesday. “I expect that when it comes time to tighten monetary policy, my colleagues and I will move with an alacrity that, if needed, will be equal in speed and intensity” to when the Fed was slashing rates to battle the recession and the financi
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