Matthew Yglesias @mattyglesias
This is a smart rather than a dumb question — the Fed is change-averse and following a well-established pattern both at home and abroad but I don’t think “slow and steady” has real support in the literature over “move quickly to the endpoint and adjust from there.” — PolitiTweet.org
Cobie @cobie
Question (I am dumb), why does the fed 'smooth' interest rate increases steadily over a year or more rather than ju… https://t.co/uVYX2daaSB