Cheap-Money Fed Ignored Rate-Hike Advice from 8 of 12 U.S. Regions

Philadelphia Inquirer, Oct. 21, 2015–DiStefano, Joseph

Top Federal Reserve officials are “fractured” by their “growing split” on what to do about U.S. interest-rate targets, with most regional Feds joining as hawks who seek to boost the cost of money against cheap-money advocates in Wall Street and Washington, a former Fed research economist said.