00:00In my opinion, it certainly would.
00:01Why? Because of oil prices?
00:03Well, because of the issues that are here in terms of a more immediate inflation,
00:10farther from the target, in terms of inflation target,
00:16and also the credibility that everybody's going to look at how he behaves in terms of monetary policy.
00:23So if you were to take and ask that question to almost anybody who's objective,
00:27they would say, certainly you would not cut interest rates now, okay?
00:32You will lose your credibility.
00:33The Federal Reserve would lose its credibility, particularly now.
00:37You're in a stagflationary period.
00:40We're in a stagflationary period.
Commenti