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Hawks Crying Wolf

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KRUGMAN
Dr Paul Krugman, 2008 Nobel Laureate, speaks at a press conference held by the Securities and Futures Commission (SFC) in Hong Kong on May 22, 2009. Krugman was speaking on the economy at a media event to celebrate 20 years of the SFC. AFP PHOTO/MIKE CLARKE (Photo credit should read MIKE CLARKE/AFP/Getty Images) | MIKE CLARKE via Getty Images
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According to a recent report in The Times, there is dissent at the Fed: “An increasingly vocal minority of Federal Reserve officials want the central bank to retreat more quickly” from its easy-money policies, which they warn run the risk of causing inflation.

Read the whole story at New York Times