Allan Meltzer, speaking from the Jackson Hole symposium, on why the Fed won’t cut the Fed Funds rate.
posted on 01 September 2007 by skirchner
in Economics, Financial Markets
(1) Comments | Permalink | Main
I tend to agree - I read Bernanke as saying that he will not cut the funds rate unless and until there is a risk to the broader economy. But the market is pricing in a cut as a certainty. It will be fascinating to see what happens on the 18th.