nintendo_fanboy on 29 October 2007
What HappySquirrel said is important I think. The Fed is pursuiving the wrong goal at the moment. Successfull central banks (i.e. the european, the german when it still was responsible for the d-mark and the swiss for example) have always tried to prevent inflation by any means. Preventing recession is the job of politicians (by lowering taxes for example) but preventing inflation is the economist's job.
Lowering the interest rates would be plain wrong right now, I just hope the Fed won't do it (although the signs are indicating it...)
