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Policy Note 1998/5 | May 1998

The Fed Should Lower Interest Rates More

Some analysts have argued against monetary ease, fearing that it might fuel a speculative boom. Alas, given the recent substantial “market correction,” this objection may safely be put away.

Download:
Policy Note 1998/5
Associated Program:
Federal Budget Policy
Author(s):
Dimitri B. Papadimitriou L. Randall Wray

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