Housing
Business & Economics
Fed Was `Premature’ to Cut Rates, Former Central Banker Says
Jan. 22 (Bloomberg) — The Federal Reserve was too quick to reduce interest rates today in an emergency move after global stock markets tumbled, a former Fed president said. “It strikes me as very premature,” Lee Hoskins, former president of the Cleveland Fed, said in an interview after the central ...
Business & Economics
The Fed Painted Into a Keynesian Corner
Although one sympathizes with Ben Bernanke—after all, it wasn’t his fault that Greenspan handed him an economy rigged with ticking housing and mortgage bombs—the harsh reality is that the Federal Reserve can’t create prosperity. Strip away all the pomp and glamour of “open market operations” and the like, and we’re ...
Fed Was `Premature’ to Cut Rates, Former Central Banker Says
Jan. 22 (Bloomberg) — The Federal Reserve was too quick to reduce interest rates today in an emergency move after global stock markets tumbled, a former Fed president said. “It strikes me as very premature,” Lee Hoskins, former president of the Cleveland Fed, said in an interview after the central ...
The Fed Painted Into a Keynesian Corner
Although one sympathizes with Ben Bernanke—after all, it wasn’t his fault that Greenspan handed him an economy rigged with ticking housing and mortgage bombs—the harsh reality is that the Federal Reserve can’t create prosperity. Strip away all the pomp and glamour of “open market operations” and the like, and we’re ...
