http://blog.canadianbusiness.com/will-the-fed-hike-rates/ Fri, 20 Nov 2009 07:52:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://blog.canadianbusiness.com/will-the-fed-hike-rates/comment-page-1/#comment-138 Larry MacDonald Wed, 13 Aug 2008 18:53:17 +0000 http://blog.canadianbusiness.com/?p=255#comment-138 Michael J Greenspan is now known as an overly accommodative central banker who contributed substantially to the current crisis. One wonders if he would have pushed rates down even lower than Bernanke has in the present situation. Too bad someone with more backbone, like Paul Volker, hadn't been chairman instead of Greenspan. I suspect we wouldn't be in the mess we are in now. Michael J
Greenspan is now known as an overly accommodative central banker who contributed substantially to the current crisis. One wonders if he would have pushed rates down even lower than Bernanke has in the present situation. Too bad someone with more backbone, like Paul Volker, hadn’t been chairman instead of Greenspan. I suspect we wouldn’t be in the mess we are in now.

]]> http://blog.canadianbusiness.com/will-the-fed-hike-rates/comment-page-1/#comment-120 Michael James Tue, 12 Aug 2008 21:34:46 +0000 http://blog.canadianbusiness.com/?p=255#comment-120 I just read a book by Alan Greenspan where he says that the biggest threat to the economy is that political pressure will stop the Fed from controlling inflation. Politicians always want lower interest rates even if rates need to go up to fight inflation. Your argument that rates don`t need to go up seems compelling. I wonder what Greenspan would think. I just read a book by Alan Greenspan where he says that the biggest threat to the economy is that political pressure will stop the Fed from controlling inflation. Politicians always want lower interest rates even if rates need to go up to fight inflation. Your argument that rates don`t need to go up seems compelling. I wonder what Greenspan would think.

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