Menzie Chinn — Speaker Ryan Assesses Fiscal and Monetary Policy Efficacy

From The Hill: "Instead of crediting Obama for any of the economic gains that have occurred in the last seven years, Ryan argued that the Fed’s policies pushed the recovery. He added that the central bank’s controversial efforts to drive down borrowing costs may have driven growth, but the benefits failed to spread to everyone."

I find it interesting that Speaker Ryan credits the Fed, because six years ago, he warned of inflation arising from quantitative easing and Federal deficits.…

Econobrowser
Speaker Ryan Assesses Fiscal and Monetary Policy Efficacy
Menzie Chinn