If we pursued that policy, it would actually not be helpful toward full employment.
They are, of course, temporary.
Broadly speaking, fiscal policy both at the Federal and the State and local level is now contractionary.
All we can try to do is try to smooth out periods where the economy is depressed because of lack of demand.
I think everything in the bill is basically fine except for getting rid of this exemption for monetary policy deliberations and operations.
It is possible that some of these regulations have some impact on the cost of credit, but there has been a lot of analysis that suggests tha...
I note housing is one area.
Monetary policy can't do much about longer-term growth.
It would be better to make that plan soon but to have the effects come in more gradually.
Congress is in charge here, not the Federal Reserve.
The best way to address the problem, at least in the near term, would be to reform the way those numbers were collected so that the LIBOR ra...