Wednesday, December 18, 2013

Former no 2 on Feds says he would wait to taper

Former no 2 on Feds says he would wait to taper

During the financial crisis, Mr. Kohn was a key adviser to Fed Chairman Ben Bernanke as they navigated the depths of the worst recession in generations. Many critics blame Fed officials for not foreseeing the meltdown, but economists generally give them credit for an aggressive response that many believe prevented another depression.
Since taking interest rates to effectively zero in December 2008, the Fed has more than quadrupled its balance sheet to $3.9 trillion.

No comments:

Post a Comment