Federal Reserve plagued by group think in addressing bankign
HeraldNet.com
HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington
There is little understanding regarding independence or diversity in our banking system. The Federal Reserve Bank, we are told, has to be independent. As a result, it failed to see an obvious inflation storm coming. This group-think disaster happened while Asian Central Banks kept inflation low. The Fed rejected all diversity of view, or changes to its predictive monetary models.
Federal Reserve plagued by group think in addressing bankign
Wire Service