Question: If the FOMC is relatively close to its objectives,
why is monetary policy so far from normal?
Two reasons:
Labor markets do not seem to be fully recovered.
Inflation is low.
I can illustrate these two points with two charts.
http://research.stlouisfed.org/econ/bullard/pdf/BullardTNBankersAssociationPalmBeach9June2014Final.pdf
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고용, 물가가 가장 중요하다.
물가는 조만간 목표에 도달할 가능성이 높다.
그러나 고용에 대한 판단을 저렇게 세심하게 한다면, 좋은 시절이 길게 늘어질 수도 있겠다.
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