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Commentary: The Fed’s credibility depends on resisting politics, not playing it
At Jackson Hole last month, all eyes were on Federal Reserve Chair Kevin Warsh in his first speech at the Fed’s annual conference. But all thoughts were about the Fed’s rate decision next week. Kenneth Rogoff, a Harvard economist who was at Jackson Hole as a lunchtime speaker, offered this advice to a New York Times journalist: “If they can possibly put it off till after the midterms, it would ...
Fed Chairman Warsh shows courage with Jackson Hole speech, defying political pressure, says Harvard's Rogoff
Ken Rogoff said Warsh made it clear that if the inflation data didn't improve, he's going to hike interest rates.