Fed's Daly discusses shifting focus to higher inflation [Seeking Alpha]
PROSHARES ULTRAPRO SHORT NASDAQ BIOTECH (ZBIO)
Company Research
Source: Seeking Alpha
Financials Fed's Daly discusses shifting focus to higher inflation Feb. 10, 2020 3:52 PM ET | ProShares Trust - ProShares... (RINF) Liz Kiesche For so long, monetary policy makers have been so accustomed to pushing inflation down, that " changing direction Fundamental changes are pressuring prices downward, she explained. Slower population growth in advanced economies and an aging population increasing the pool of available savings are reducing real interest rates. "We need to embrace the mindset that inflation a bit above target is far better than inflation a bit below target in today’s economic environment," Daly said. With less room to cut interest rates, monetary policy alone may not be enough to deal with future downturns, but "fiscal policy will need to play a larger role in smoothing through economic shocks." "Expanding the array of automatic stabilizers that form part of the social safety net can help mitigate the depth and duration of economic downturns," she said, using une
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