Rogoff: The Fed Must Not Play Santa
Kenneth Rogoff explains why the Fed and the markets do not see eye to eye on the recent decision to cut the target interest rate by a quarter point:
The Fed must not play Santa to the markets, by Kenneth Rogoff, Commentary, Financial Times: US Federal Reserve officials were jolted last week by the cacophony of booing that greeted their quarter- percentage-point interest rate cut. Markets badly wanted double the amount. It is part of a growing town/gown rift between a model-oriented Fed and a profit.lire la suite
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- Rogoff: The Fed Must Not Play Santa
Kenneth Rogoff explains why the Fed and the markets do not see eye to eye on the recent decision to cut the target interest rate by a quarter point: The Fed must not play Santa to the markets, by Kenneth Rogoff, Commentary, Financial Times: US Federal Reserve officials were jolted last week by the cacophony of booing that greeted their quarter- percentage.
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