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The Fed's Attempt to Stimulate Demand via the Wealth Effect
A former senior Fed trader said the reason that the Federal Reserve over the past decade, two decades has been very reluctant to hike rates and tighten monetary policy is because inflation has been so low. Do you agree and how far do you think this goes? "I don't think it doesn't seem to me like the Fed is trying to engineer a drop in asset prices," he says.