Feldstein: Low Rates May Not Boost U.S. Growth
Harvard University economist Martin Feldstein, a member of the committee that charts American business cycles, said the Federal Reserve cannot count on low interest rates to buoy economic growth.
"Lower interest rates are not going to get us anything more,'' Feldstein, who retired in June as president of the National Bureau of Economic Research. The economy has really shown one sign after another of weakening.''
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Source:
Feldstein Says Low Rates May Not Boost U.S. Growth
Anthony Massucci and Kathleen Hays
Bloomberg, Aug. 21 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOSuPYNhx2bo
Tuesday, August 26, 2008 | 12:30 AM | Permalink
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The first sentence contradicts the first in this Topeka paper. That last sentence sounds right though:
The Kansas enforcement actions are not indicative of a banking industry that's unsafe and unsound, said Chuck Marshall, manager of the financial institutions group at accounting and consulting firm Kennedy and Coe.
"It says we're in a different regulatory environment," he said. "Regulatory agencies are being proactive to protect the banks and depositors and to ensure that the guidelines that are out there for safe banking practices are followed."
"Our regulators are responding to circumstances that are far beyond the Wichita and Kansas markets."
Posted by: anonymous | Aug 26, 2008 1:22:17 AM
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