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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (62684)6/4/2006 11:27:31 PM
From: mishedlo  Respond to of 110194
 
Federal Reserve And Inflation Targeting
If, as I suggested in a previous commentary web-xp2a-pws.ntrs.com, the Fed were to target and achieve some steady rate of growth in the credit it creates, the amplitude of real economic cycles and price cycles – cycles of both consumer prices and asset prices – would be damped

northerntrust.com

Bingo
Target credit NOT prices

I have been harping about that for a long long time.
This is the first I have seen Kasriel say it.

Mish