NABE Policy Survey: Monetary Policy About Right
The Graph of the Week shows the percentage of panelists in the March 2007 NABE Policy Survey who think monetary policy is "about right". From the survey:
NABE members continue to be very comfortable with monetary policy, with more than 80 percent now saying the current policy is about right. The share saying that monetary policy is too stimulative has steadily trended downward since late 2005. Although two-thirds would prefer monetary policy to remain unchanged over the next six months, about 20 percent would like it to be more stimulative. When considering the likely policy moves, the percentage expecting interest rates increases has fallen from nearly 90 percent last March to only 22 percent now. A relatively small share (15%) expects a reduction in interest rates.
The entire NABE Policy Survey is available to the public.