Summary of What the Federal Reserve Got Totally Wrong about Inflation and Interest Rate Policy
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The Federal Reserve increased its target Fed Funds rate four times in 2018, and the last move in December sent equity markets into a tailspin, with a massive loss of financial value. In 2019, Fed officials have signaled a hands-off approach to further rate hikes. Economist Daniel Alpert analyzes Fed policy on interest rates, with a keen eye focused on housing and rental prices and their effect on overall inflation. Business leaders and policy experts interested in a deep-dive examination of inflation and Fed machinations will appreciate this authoritative report.
About the Author
Daniel Alpert is a professor at Cornell Law School and founding managing partner of Westwood Capital LLC.