Kimball says Fed should get comfortable with "backtracking"
"Economist: Fed needs to be more flexible [Video]" - CNBC. 6/17/2016.
Miles Kimball says the Fed should be more flexible in its interest rate policy and, specifically, be willing to make quicker changes and then “go in reverse” to readjust rates when necessary. He says: “The fact that they [the Fed] are trying to never look like they make a mistake causes them to under-do things.”
Additional Media Coverage:
"The Fed resembles a defective car — here’s how to fix it: Economist" - CNBC. 6/20/2016.