Inflation-Hawk Lacker Was the Fed’s Fall Guy
Whether the original source of the Medley leak is found, the episode shows more transparency is needed at the Fed.
Whether the original source of the Medley leak is found, the episode shows more transparency is needed at the Fed.
The FOMC minutes continue the emphasis on the balance sheet. They've started raising the Fed Funds target, how far can they get on the balance sheet?
Richmond Fed President Lacker says he was source of the 2012 Medley leak and announces his immediate resignation.
The Fed's 2017 narrative is balance sheet adjustment. But how far can they get without a market protest?
Monetary policy has become unhinged since the most recent financial crisis and the Fed’s balance sheet has exploded to unprecedented levels.