If you bought a house at the top of the market with an adjustable-rate mortgage, knowing that long-term interest rates eventually have to go up, you deserve to be punished for your bad behavior. I have no sympathy whatsoever. |
The No. 1 thing he cares about is keeping inflation low. That is a sound, sensible and very modern monetary policy. |
There was nothing normal about those times. And it gives us the sense that the U.S. economy, even though if you look at the numbers is doing quite well, has a public-image problem. |