Fed running out of monetary ammunition, Infrastructure Investor Japan Korea Week
Commentary: Fed running out of monetary ammunition
By Desmond Lachman in Washington
It is clear that President Donald Trump’s administration is not concerned with whether the US will have enough resources left to fight the next downturn. The president’s quest for an ultra-easy monetary policy at this late stage in the economic cycle might cause the US economy to overheat and thereby rekindle inflation. Moreover, it...