Comments from Sandy Pianalto – President, Federal Reserve Bank of Cleveland
Yesterday I had the opportunity to attend a presentation by Sandy Pianalto, President of the Federal Reserve Bank of Cleveland. She provided her perspectives about what the Fed was seeing in the data/ thinking at the time they took the actions taken since mid-2008 through today (i.e. QE1, 2, Operation Twist, etc.). 1) The revisions … Continued