Blast From the Past - Getting Things Mostly Right

Will the Fed’s recasting of its monetary policy strategy help the US economy? BY VIVEKANAND JAYAKUMAR | The Hill - 09/01/20
https://thehill.com/opinion/finance/514624-will-the-feds-recasting-of-its-monetary-policy-strategy-help-the-us-economy/
What I wrote in September 2020:
Financial market distortions, new asset bubbles and worsening of the wealth gap may be the ultimate result of the Fed’s well-intentioned but misguided policy actions.

The pros and cons of running the economy hot by VIVEKANAND JAYAKUMAR | The Hill - 02/01/21
https://thehill.com/opinion/finance/536691-the-pros-and-cons-of-running-the-economy-hot/
What I wrote in February 2021:
As a consequence of running a hot economy, if the U.S. ends up with higher-than-expected inflation, it could lead to a sudden spike in market interest rates and a rapid deflation of asset prices. In an economic environment characterized by record levels of public and non-financial corporate debt, such a shock would prove to be quite debilitating for the U.S. economy.   

Have misguided policies led to recent asset bubbles and boom-bust cycles? BY VIVEKANAND JAYAKUMAR | The Hill - 02/16/21
https://thehill.com/opinion/finance/538921-have-misguided-policies-led-to-recent-asset-bubbles-and-boom-bust-cycles/
What I wrote in February 2021:
An added risk in the current cycle is that surging asset prices combined with unprecedented fiscal and monetary largesse may finally cause inflation to emerge from its long dormancy. Standard inflation measures often fail to properly account for early signs of pricing pressures. By having overcommitted to its easy policy stance, the Federal Reserve will find it hard to change direction in the future without creating significant financial market upheaval.

It’s time to ease up on the stimulus accelerator by VIVEKANAND JAYAKUMAR | The Hill - 08/03/21
https://thehill.com/opinion/finance/566130-its-time-to-ease-up-on-the-stimulus-accelerator/