Stephen Cecchetti Quotes
You want to make sure that short-term monetary policy isn't responding to a phenomenon that is just going to go away in a few months, or even a year. A change in an interest rate today will have an effect on inflation one to two years from today. 
Tweet
Short | Term | Monetary | Policy | Responding |
comments powered by Disqus
The same is true of monetary policymakers. They're just a bunch of technicians, cleaning teeth, fixing fillings. You don't spend every day obsessing about what your dentist is up to.
- Stephen Cecchetti
