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Showing posts from August, 2016

The Fed's listening session

T he Fed always inspires debates among stakeholders like institutional investors, economists, politicians, financial journalists and industry  leaders. Now the Fed has received an activist group at its annual Jackson Hole symposium to hear their views on monetary policy.  This week, a movement called “Fed Up” sponsored by The Center for Popular Democracy  met with Federal Reserve officials including Bill Dudley, president of the Federal Reserve Bank of New York .  The Fed Up team merits an A grade for inventiveness.  Such groups often petition the legislative and executive branches of government that control spending and tax policy, but now one has successfully lobbied the The Federal Reserve  within spitting distance.  To be fair, the group had some trained economists in their midst and they did nothing disruptive; but do political organizations belong at this annual forum? http://whatrecovery.org/  website  Yes, ec...