Bob McTeer on The prodigal son as central banker

In the speech 'The Prodigal Son as Central Banker' Bob McTeer of the Federal Reserve Bank of Dallas said for years Al has had the reputation for being an inflation hawk. Lately, he's becoming a hawk on deflation as well. He doesn't like inflation. He doesn't like deflation. I don't think he even likes flation. One thing's for certain: J. Alfred Broaddus will go to central banker heaven. Only hawks need apply. And he is a hawk in both directions. A symmetrical hawk.

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