The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (4066)	2/7/2008 6:42:42 PM
From: RockyBalboa	Read Replies (2) of 71456

Do you have what it takes to be the Chairman of the Federal Reserve? Vi and all, something for us! This game, available on the San Francisco Fed’s Web site, will help determine whether your chosen monetary policies are enough to offset rising inflation or a rising unemployment rate. The game begins with unemployment at 4.75%, the federal-funds target at 4.5%, and inflation at 2.14%, all pretty manageable, at least until inflation starts to spike. The goal of the game is to be reappointed Fed chairman, which analysts at Bianco Research found difficult. “Since the market doesn’t seem to want the Federal Reserve to ever stop cutting, we tried setting the target rate at 0%,” they write. “Amazingly the unemployment rate dropped to 1.5% under this scenario. Just ignore the fact that inflation rose to 38.36%.” frbsf.org blogs.wsj.com

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