Money and Financial Markets
Have we gone too far? Or is this just a beginning? Some consider the actions of the Federal Open Market Committee (FOMC) during the current economic slowdown fully consistent with the quest for maximum long-term real growth through low inflation. Others question whether the possibility of recession has become the focus of undue attention so that the FOMC is ignoring potential consequences for more rapid inflation.
Suggested citation: "Money and Financial Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-07, pp. 05-07, 07.01.2001.