Manhattan Institute Issues Commentary to Barron's: The Fed Doesn't Need to Cut. Financial Conditions Are Already Loosening.
December 11, 2023
December 11, 2023
NEW YORK, Dec. 11 -- The Manhattan Institute issued the following excerpts of a commentary to Barron's:
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The Fed Doesn't Need to Cut. Financial Conditions Are Already Loosening.
By Stephen Miran
The Federal Reserve is set to meet on Wednesday. Its preferred measure of inflation has fallen from last year's blistering hot levels above 7% to October's 3%, and monetary policy doves are advocating for what are known as "adjustment cuts&quo . . .
* * *
The Fed Doesn't Need to Cut. Financial Conditions Are Already Loosening.
By Stephen Miran
The Federal Reserve is set to meet on Wednesday. Its preferred measure of inflation has fallen from last year's blistering hot levels above 7% to October's 3%, and monetary policy doves are advocating for what are known as "adjustment cuts&quo . . .