Rochester economist: Low inflation rates hurt the Fed’s credibility
“There’s a lot of evidence that in the last eight years or so the Fed has lost control,” says Narayana Kocherlakota, the Lionel W. McKenzie Professor of Economics at the University of Rochester.
“There’s a lot of evidence that in the last eight years or so the Fed has lost control,” says economics professor Narayana Kocherlakota.