tag:blogger.com,1999:blog-1110014885778996459.post2786224925263339058..comments2024-03-29T04:32:20.232-07:00Comments on Idiosyncratic Whisk: September 2017 CPIKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1110014885778996459.post-38744440562007357532017-10-15T21:10:03.820-07:002017-10-15T21:10:03.820-07:00I saw that! Thanks, Ben.I saw that! Thanks, Ben.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-8615756242555951532017-10-15T20:40:34.564-07:002017-10-15T20:40:34.564-07:00Courtesy note: I mention you in my latest NGDP pos...Courtesy note: I mention you in my latest NGDP post.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-81810980596236318992017-10-14T06:28:09.849-07:002017-10-14T06:28:09.849-07:00Per usual, excellent post.
"But, I think the...Per usual, excellent post.<br /><br />"But, I think the obsession with asset prices and the tendency toward viewing asset prices as a reason for tighter monetary policy will prevent us from easing when random economic shifts cause a downshift in these patterns when there is no buffer for a downshift."--KE<br /><br />Actually, as I read Fed minutes and Beige Books, the obsession is with "tight labor" markets, and any possible hint that inflation might get a boost from rising compensation costs. <br /><br />The asset prices is another concern, but they seem okay with equities prices. The housing markets could be the trap. The Fed will respond to tighter housing markets with higher interest rates. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com