I'm glad you brought it up, because it shows how unreliable interest rates can be as an indicator of appropriate monetary policy. (businessinsider.com)
First the line about «it shows how unreliable interest rates can be as an indicator of appropriate monetary policy» means that low interest rates do not necessarily mean loose policy. (businessinsider.com)
Powel said that» every participant in the FOMC submits a projection of what they feel is going to happen to the economy and also their projection for appropriate monetary policy. (futuresmag.com)