US Monetary Policy - Future Path of Policy Interest Rates

US Economic Update:
https://www.nytimes.com/2018/11/28/us/politics/us-economy-health-recession.html

Fed Chairman Powell on Financial Stability
https://www.federalreserve.gov/newsevents/speech/files/powell20181128a.pdf
Fed Vice-Chair Clarida on Data Dependence and Future Interest Rate Path
https://www.federalreserve.gov/newsevents/speech/files/clarida20181127a.pdf

Harvard economist Jeffrey Frankel notes:

A Trade War is No Reason to Ease Monetary Policy

https://www.project-syndicate.org/commentary/trade-war-monetary-policy-easing-by-jeffrey-frankel-2018-11

“Adverse trade developments are a negative supply shock. Skillful monetary policy can help offset a negative demand shock, but can do little or nothing to offset a supply shock. Slower growth and higher prices are inevitable effects. The Fed understands that if it were to apply monetary stimulus in an effort to prolong the current expansion artificially (as Trump has pressured it to do), the result would be to fuel inflation.”

Nobel Prize winning economist Robert Shiller notes:

Silent Inflation

https://www.project-syndicate.org/commentary/silent-inflation-can-lead-to-bad-economic-decisions-by-robert-j--shiller-2018-11

“An inflation target of a few percentage points may seem to promote stability, and perhaps it really does. But we need to consider the possibility that it may lead to subtle misperceptions that have the opposite effect on the stability of our judgments.”