IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Rhetoric aligned with theory: talking productively about interest rates

  • anonymous
Registered author(s):

    If the recession that began in March 2001 has ended, as many believe, it will be hard to oppose the sentiment that the U.S. economy has navigated some fairly treacherous waters with minimal damage. To many, no doubt, the 475 basis point reduction in the federal funds rate engineered by the FOMC will be one of the heroes of the recovery–expansion story. Should we not, then, re-evaluate the position this Bank has taken in the past—that policymakers should keep their eyes on long-term objectives rather than reacting to perceived, short-term gaps between output and its “potential”?

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: https://www.clevelandfed.org/~/media/Files/AnnualReports/2001-annual-report-federal-reserve-bank-of-cleveland.pdf?la=en
    File Function: Full text
    Download Restriction: no

    Article provided by Federal Reserve Bank of Cleveland in its journal Annual Report.

    Volume (Year): (2001)
    Issue (Month): ()
    Pages: 6-16

    as
    in new window

    Handle: RePEc:fip:fedcar:y:2001:p:6-16
    Contact details of provider: Postal: 1455 East 6th St., Cleveland OH 44114
    Phone: 216.579.2000
    Web page: http://www.clevelandfed.org/

    More information through EDIRC

    Order Information: Email:


    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:fip:fedcar:y:2001:p:6-16. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lee Faulhaber)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.