Percent of NABE Panelists Who Consider Monetary Policy About Right
The Graph of the Week shows the the percentage of NABE Policy Survey panelists who think that monetary policy is about right. From the survey:
NABE panelists tend to support current monetary policy but anticipate the need to adjust this policy down
the road. Almost 63% judged monetary policy “about right” in this Survey, compared to 55% in August 2008, while
a shrinking proportion (23%) viewed policy as “too stimulative.” Respondents see low or negative inflation in calendar
2009, with some 37% expecting core CPI to fall for the first time in over 50 years. However, almost 63% see core CPI
rising to more than 2.5% within two-to-five years, signaling the possibility of an abrupt transition for monetary policy
during that timeframe.
Read the full survey here.