Monetary Matters
07/29/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Federal Reserve policy, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, Inflation, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist, www.econ70.com
While the Fed has been right to keep rates low because inflation has been totally benign for years, that doesn’t mean they will start raising rates at the right moment. They would much prefer to raise rates late and be forced to tamp down some inflation than to raise rates too early and weaken the economy. They can fix the former, the latter would be a much bigger problem.