Sorry!! The article you are trying to read is not available now.

If I Were Federal Reserve Chairman I Would ...

Print comment Post Comments
"All along, the problem has been that we haven’t been willing to take any pain," writes Fred Hickey. "So, after all the Greenspan years we always come in and support the markets with low interest rates. At first they cut rates to three percent, then one percent in the 2002-4 time frame. Now it’s zero percent and we have negative real rates. Each time we cut this low, we never let the free market forces work their magic."