[ニューオーリンズ ８日 ロイター] – Christina Romer, who served as chair of the President’s Committee on Economic Advisers (CEA) during the Obama administration, said late Wednesday that the Federal Reserve’s efforts to shock the economy and keep inflation down would not be possible. She said it was is still in its early stages and it would be difficult to avoid the risk of raising interest rates more than necessary.
he said in a keynote address at the American Economic Association (AEA) Annual Meeting in New Orleans.
Romer, now an economics professor at the University of California, Berkeley, said the Fed has raised interest rates by more than 4 percentage points in the past year, and “we’re just starting to see the effects of that.”
“The time lag forces policymakers to make very difficult decisions about when to stop raising rates or to correct course,” he said.
“If you want inflation to come down without causing too much pain, you will need to change course before the problem is fully resolved,” he said.
