My advice to the Fed: Simplify, simplify, simplify
Step on the gas, then the brakes. Repeat till Gentle Reader grows dizzy or the whole jerry-built vehicle falls apart. Just as it did during during the Great Recession of 2007-09, when 9 million Americans lost their jobs and/or houses. Then came the not-so-great recovery, which left the chairwoman of the Federal Reserve System, Janet Yellen, to devise not-so-great explanations of her less than steady policies. Naturally she did so in the most elevated terms, as in this great big helping of econospeak, a lingo in
