Fed Officials Spar On Effectiveness Of Current Monetary Policies

From Reuters

Federal Reserve policymakers sparred on Saturday over the U.S. central bank's unprecedented efforts to push down long-term borrowing costs, offering widely differing views on the effectiveness and costs of current policies.

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Unfortunately, Minneapolis Fed President Narayana Kocherlakota, one of the Fed officials known to be a hawk, was siding with the doves.

This infographic at Reuters provides a useful view of the inflation hawks and doves on the FOMC. As you can see the inflation hawks are a minority.