He criticized the Federal Reserve's decision to tighten the money supply early in the cycle.

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Possibly the Fed will find the courage to tighten the money supply.

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In October's MPC meeting, two members dissented, with one wanting to tighten the money supply via a rate rise, while another wanted the Bank to loosen money by restarting quantitative easing.

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The April 26, 27 Fed policy meeting discussed the possible need to tighten money supply rather than liberalize it.

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As for Asia, the strategy is to tighten money supply to lower inflation.

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When prices for these commodities rose, that would signal that money supply was exceeding money demand, and the Fed would tighten.

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