Brian Wesbury to Fed: Take some of the easy money back

Brian Wesbury is sticking to his guns and he has been spot on with his forecast as opposed to the multitude of recessionistas predicting the demise of the US consumer consistently over the last two years. Wesbury is more worried with inflation than he is about growth. He casts the ball back into the corner of the Federal Reserve, which has lowered interest rates too much during this current cycle. The Fed is now in the unfortunate position to take back some of this easing. His point about the Fed and its faulty dual mandate is well taken on this blog site.

"This inflation we are facing today started 2 to 4 years ago. There is at least a lag of 2 yrs between Fed rate cuts and easy money and the resulting inflation."

"The Federal Reserve can't do everything. The Fed should be more like the ECB focus on one target only and focus on inflation."

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video: Economic Data: PPI & Housing
A look at the Producer Price Index and housing starts for Q1, with Scott Nations, Fortress Trading; Brian Wesbury, First Trust Advisors and Jim Tisch, Lowes
http://www.cnbc.com/id/15840232?video=772226719