Fuhrer, Jeffrey C. (contributor); … - 2004
so concerned about the highflying market that they want to raise interest
rates to deflate the bubble. Other analysts conclude the opposite...”
(Washington Post, August 17, 1999).
“In a February survey conducted by the National Association of Business … officials universally have gone to considerable lengths to tell investors that
they are not in the business of supporting the prices of assets, including stocks
and bonds.” (Washington Post, March 20 … the federal funds rate. Alternatively, to the extent that there is feedback
between equity price movements and household or business spending, the central bank
might …