Word: feds
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
After two disastrous Supply-Side-ista revolutions—Reagan and Bush II—I can understand why so many economists are fed up with the Republican Party. As Bush put it in Friday’s debate “Yeah, I’m worried. I’m worried. I’m worried about our country.” Fifty professors at the Harvard Business School and over 100 economists from other schools—including two Nobel Prize winners—are worried about our country too. That’s why they recently...
Despite the importance of Greenspan's task, he is cagey about his methods. He routinely declines press interviews and will describe his decision-making processes only via circumlocutions that even some veteran Fed watchers find confusing. He relies, of course, on factory reports, unemployment stats and other economic data. But he has also developed his own method to help evaluate the likelihood of various scenarios, assigning a probability to each outcome. His priority, he told the Senate banking committee in June, is understanding "the many sources of risk ... quantifying [them] ... and assessing the costs associated with each...
...possibility that the economy could slip into a deflationary spiral, he opted to cut short-term interest rates to 1%, their lowest level since 1958. "His policy was to move aggressively to pre-empt the chance that this small-probability event would ever take place," says Roger Ferguson, the Fed's vice chairman. "The reward was to avoid any likelihood of deflation or economic collapse, but with a risk the Fed could end up stimulating inflation." It worked out: inflation remained in check...
...stock market. But he refused to say more, believing a sudden collapse in share prices would carry more risk than allowing the market to discover the bubble itself. The high-tech balloon continued to inflate for several years after his warning, then collapsed rapidly, proving the Fed Chairman's prescience...
...every sound Wilco produced captivated the crowd. The audience’s energy, so localized and organic, was not unlike what one might expect from the cult following of an underground rock band. That energy no doubt fed into Wilco’s inspiring stage presence...