Fed's Daly: Rate cut was appropriate | Metals Mine

  • Fed's Daly: Rate cut was appropriate

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Schultz
Nov 3, 2025 11:37am
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Daly is concerned about jobs. I've said it before and will say it again - monetary policy is an exceptionally poor tool for addressing any issues with the labour market.

Why they even bother is beyond everything known in contemporary economics about how the world currently operates.

Those who incorporated this dual objective of jobs and inflation into the Fed's charter were probably of sound mind, but living in the 1960s when the Phillips curve concept (first introduced in 1958) may have had some teeth.

Not since then except by sheer luck.
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Trader#ECB3
Nov 3, 2025 11:43am
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Quoting Schultz
Daly is concerned about jobs. I've said it before and will say it again - monetary policy is an exceptionally poor tool for addressing any issues with the labour market. Why they even bother is beyond everything known in contemporary economics about how the world currently operates. Those who incorporated this dual objective of jobs and inflation into the Fed's charter were probably of sound mind, but living in the 1960s when the Phillips curve concept (first introduced in 1958) may have had some teeth. Not since then except by sheer luck.
Then why are you here? Get in there and show 'em all how it's done.......
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Fractality
Nov 3, 2025 11:47am
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Quoting Trader#ECB3
{quote} Then why are you here? Get in there and show 'em all how it's done.......
why do you say it's a poor tool?
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