Steven Kelly on Crises, Stability, and the Fed’s Role in Financial Markets
Macro Musings with David Beckworth
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The Fed Could Have Aggressed Differently, but It Was a Political Decision
stephen i had larry ball in the show several years ago, and he had a really fascinating book about the leman part of the crisis where the fed did not step in. He argues the fed could have acted differently, but it was a political decision,. whereas some fed official said, no, no,No, our hands were tied. So you have a treasure trove of documents. You'd probably have thought about this, red about this. What is your take on that development? Yes, so i don't want to be seen as two bos, cause the beginning of this conversation we talked about o tim geiter's cutting my pay checks. But i'm partial to larry
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