Relevant:
- iTulip ShadowFed Board Decision: 25bp Cut
- Global monetary taps still open wide, Fed minutes in focus
- Market turmoil shouldn't delay at least one Fed rate hike: Bullard
- Shades of Plaza Accord Seen in Barrage of Stimulus After G-20
- Lord Rothschild: Why I've sold hundreds of millions of pounds worth of shares, and bought gold
2015-09-23 — cnbc.com
If growth is weak, and inflation continues to fall, the Fed should NOT, and would NOT, raise rates. If this global problem is truly transitory (a word most Fed officials need to look up in the dictionary), then a rate hike should have already occurred.
...
If the world is not normal, why normalize policy at all? The world affects the U.S. As we have seen in innumerable instances in the past, global instability has altered the course of domestic monetary policy for decades.
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