The Restrictiveness of the Banking System

"I think that inflation is just too damn high. Whatever progress appeared to be evident in the data in the winter has now, if best stalled," he says. "The banking system as a whole in the US has enough capital, has enough liquidity, and it is profitable." The Fed will take into account the cumulative tightening of monetary policy when deciding whether or not to cut interest rates again after a pause,. John Williams: I don't think they have to get all the way to 2 before you see those adjustments.