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The Fed needs to drive the fed funds rate down dramatically to get interest rates for the public and corporations to go down rather than up".
"She fought an uphill battle, which she ultimately won, that the Fed needs to let the public in," said Kevin Warsh, a former Fed governor.
The Fed needs to rectify this.
The Fed needs to cut interest rates further.
Two liberals say the Fed needs to do much more.
Second, the Fed needs to revise its operating procedures.
"The Fed needs to have some more ammo," Mr. Hammond said.
The Fed needs to press these companies to live up to the law.
But the practical consideration is that the Fed needs new ways to kick-start economic growth.
"It's not clear the Fed needs to ease at this point," Mr. Mishkin said.
For now, she said, the Fed needs to remain focused on reducing unemployment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com