Sentences with phrase «monetary pedal to the metal»
At the same time that the Fed was beginning a timid move toward so - called normalization, its overseas counterparts kept the monetary pedal to the metal.
With no signs of creeping inflation, it doesn't hurt for the Fed to keep the pedal on the monetarymetal, while removing stimulus too early could risk forcing interest rates and the dollar unnecessarily higher, putting a damper on the recovery.