April 18 (Bloomberg) -- Three regional Federal Reserve bank presidents said a further decline in U.S. inflation below the Fed’s 2 percent goal may signal a need for more accommodation.
“If inflation looked like it was going to sag further on a persistent basis, I would certainly consider stimulus for the purpose of bringing inflation up to target,” Richmond Fed President Jeffrey Lacker said today, adding he doesn’t see an imminent disinflation risk. Minneapolis Fed President Narayana
Kocherlakota today called for guarding the inflation target “from below,” while James Bullard of St. Louis said yesterday, “we should defend the inflation target from the low side.”
Another Government Official clueless to the added cost to everyday itmes from screws to lettuce...Keep on hammering the value of the dollar away, create lower paying jobs all in an effort to offset massive deficit spending. Destroy the value of the Savers... Gonna be an ugly day in 2014..
The fed is alot more worried about deflation than inflation. Just met with a bank VP today and he said that rates are heading lower. I asked him if rates get much lower are you going to charge people to keep their money in the bank? He laughed but didn't answer my question. How will this affect MTG?