Fedspeak with the Fed rate cut

This article suggests to understand what the Federal Reserve does, its best to start with reasonably low expectations about what any central bank can do. It also suggests that the Fed's "balance of risk" assessment of the economy published with FOMC statements is "dangerous nonsense" as it rules out the possibility of an inflationary recession (stagflation).

This article was first published in the Washington Times, 29 June 2003. The author, Alan Reynolds, is a senior fellow with the Cato

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account