Do not touch

15 Aprile 2008

Martin Feldstein suggerisce alla Fed di non ridurre ulteriormente i tassi:

Economic recovery will require resolving the difficult problems of the credit markets, dealing with the millions of homeowners who may now be tempted to default on mortgages that exceed the value of their homes, and reducing the risk that the ongoing decline in house prices will push millions of additional homeowners into a vulnerable, negative equity condition. A lower fed funds rate will not solve any of those problems.

[WSJ]

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