Larry Doyle
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Federal Reserve Governors Comments from 2007
Posted by Larry Doyle on January 18th, 2013 7:12 PM |
If anybody thinks that the governors of the Federal Reserve have any degree of foresight on the economy, the following transcripts from 2007 are a MUST read. One governor, (yes one and it was not Ben Bernanke), displayed real foresight and expressed real concern on what likely lay ahead on our economic landscape. Who was it? The one I recently highlighted as calling for the breakup of our TBTF megabanks. That would be Dallas Fed governor Richard Fisher.
After reading this release provided by the WSJ, you may doubt the Fed’s collective capability in managing the economy.
(more…)
Tags: Ben Bernanke 2007 comments, does the Federal reserve understand the economy, Fed comments about sub prime mortgages, Federal Reserve, Federal reserve comments from 2007, Federal Reserve governors comments from 2007, Federal Reserve transcripts from 2007, Janet Yellen 2007 comments, Richard Fisher comments from 2007, Tim Geithner comments from 2007
Posted in Federal Reserve, General | 1 Comment »