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U.S. should set inflation target, Fed economist says at UCSB

By   /  Wednesday, October 27th, 2010  /  Banking & Finance, Tri-County Economy  /  Comments Off on U.S. should set inflation target, Fed economist says at UCSB

Setting the federal funds interest rate target at zero is a trap, and one the Federal Reserve would be better off avoiding, St. Louis Federal Reserve Economist Bill Gavin said at an Oct. 27 appearance at UC Santa Barbara. Warning of the dangers of the so-called “zero lower bound,” when the federal funds rate is Read More →

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