The Fed is watching with every eye, ear, and nose it has for evidence that oil prices are creeping into core inflation.
More Quotes from Alan Blinder:
It's not a lack of transparency when you stop giving information when there is nothing to give, and we're getting pretty close to that point.Alan Blinder
There is a kind of a cascading chain, ... If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the previous business doesn't sell, and so on.
Alan Blinder
In the classic old business cycle, there would be a diminution in sales it would take a little while for this information to reach corporate headquarters, ... And there would be an inventory pileup. And then - bam - businesses would react, sometimes violently, by cutting production.
Alan Blinder
While Alan Greenspan may have enjoyed more than his share of good luck during his storied tenure as Fed chairman, he was also confronted with a wide variety of challenges that required subtlety, a deft touch and good judgment.
Alan Blinder
Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond to it.
Alan Blinder
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