One problem with dropping interest rates when it is NOT necessary is you leave yourself one less lever to use when such levers become critical.
This should be a learning moment for those who have been pillorying the Fed chairman during relatively good times. Listening to experts, acknowledging your instincts might be wrong, and listening to good advice are important traits in leaders.
This should be a learning moment for those who have been pillorying the Fed chairman during relatively good times. Listening to experts, acknowledging your instincts might be wrong, and listening to good advice are important traits in leaders.
In 1938 Neville Chamberlain declared "Peace in our time", Superman first appeared in Action Comics, Seabiscuit beat War Admiral ....... and C.a.l last won the Rose Bowl.