Fed Governor Waller presented a rationale for not raising rates further to boost employment, contradicting Larry Summers and others. Waller's stance was supported in a discussion on global quantitative tightening.
Governor Waller participates in a discussion on responding to a paper entitled "Quantitative Tightening Around the Globe: What Have We Learned?": https://t.co/aF69W0OBu7
The Fed Governor Who Proved Larry Summers Wrong! https://t.co/lqEYYIffIe
"The Fed Governor Who Proved Larry Summers Wrong" by @NickTimiraos via @WSJ https://t.co/iaIdwgdV7J
"The Fed Governor Who Proved Larry Summers Wrong" via @WSJ https://t.co/iaIdwgdV7J
The Fed Governor Who Proved Larry Summers Wrong. Via @NickTimiraos https://t.co/S4xSyINzql
Little-known Fed governor Waller gave the Fed a rationale for not raising rates even higher in an effort to goose unemployment. Summers and other heavyweights said he was wrong. Nope. @NickTimiraos https://t.co/TvtAoYvoj7