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How to cure the Fed's tapering cold feet? Buy some socks, experts say
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by Sarah Miloudi on Sep 19, 2013 at 14:10
He added: 'There is sufficient doubt about the accuracy of the US unemployment data to question whether rigid targeting of this measure of performance is valid, while traditional measures of inflation fail to record the undoubtedly dangerous impact of asset price bubbles that appear to be building.
'With the US banking system in robust health and willing to extend credit there is growing risk that this last point will be the deciding factor in future policy decision , not inflation or employment. If the Feds policy prolongs unsustainable asset price inflation to promote economic activity, the recovery will be built upon the same foundations that collapsed so spectacularly with the banking crisis of 2008.'