The Fed is all over the place, flip-flopping sometimes within a matter of weeks. They’re confident about inflation then they’re not. What’s the real reason for so much back and forth, the obvious insecurity? It’s the story no one really knows and what actually ties the current day with the past Great Inflation.
Eurodollar University’s Money & Macro Analysis
CSPAN William Proxmire
https://www.c-span.org/video/?322377-1/political-career-senator-william-proxmire
https://www.c-span.org/video/?39834-1/government-waste
https://www.c-span.org/video/?c4704392/sen-william-proxmire
Hutchinson v Proxmire
https://www.oyez.org/cases/1978/78-680
Federal Reserve Memo Nov 6, 1973 & letter from Arthur Burns to Senator Proxmire
https://fraser.stlouisfed.org/files/docs/historical/burns/Burns_19731106.pdf
NYT Dec 2, 1975 Proxmire Would Curtail Banks
FOMC Transcript July 1981
https://www.federalreserve.gov/monetarypolicy/files/FOMC19810707meeting.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU