US monetary policy at an important turning point | Gavyn Davies

 

WASHINGTON, DC - MARCH 02:  U.S. Federal Reser...

WASHINGTON, DC – MARCH 02: U.S. Federal Reserve Chairman Ben Bernanke holds a folder of papers after testifying at a hearing on receiving ‘the Monetary Policy Report to the Congress required under the Humphrey-Hawkins Act’ at the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 2, 2011 in Washington, DC. Bernanke reportedly defended the Federal Reserves monetary policy against criticism from Republicans. (Image credit: Getty Images via @daylife)

 

This is an excellent blog from Gavyn Davies the macro economist, writing in the FT. It’s worth a read. Check it out!

 

US monetary policy at an important turning point | Gavyn Davies.

 

It’s a shame that the ECB does have reducing un-employment as one of it’s goals – the same is true for the BoE.

 

Do you think that we shall ever see wide powers for the ECB?

 

 

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