The Fed Needs to Find Two People to Find Tune Their Inflation Fighting Activities

Joseph Cirincione: People have been holding out for when they're trying to game out the timing of the recession. It would appear to create a real dilemma for them, he says. Cirincone: Raising that front end, what we've seen is it has this kind of perversely stimulative effect where it actually increases interest income and incentivizes economic activity through that channel.