The Fed wants inflation

By Edward Harrison On Jul 4, 2008

I have said that the Fed is dovish and wants inflation to do its job of reducing the economic burden of the massive debt in the United States.

Fed Governor William Poole, who just recently left the Fed, has apparently confirmed this. See the blog immobilienblasen to read more.

This gives us yet more reason to understand why real interest rates in the U.S. are negative.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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