John Cochrane Archive
Comments on Professor John Cochrane’s – A Few Things the Fed Has Done Right
Banking, Fed, Financial Times, Inflation
Aug 28, 2014
A Few Things the Fed Has Done Right The Fed’s plan to maintain a large balance sheet and pay interest on bank reserves is good for financial stability. By John H. Cochrane Aug 21 (WSJ) — As Federal Reserve officials lay the groundwork for raising interest rates, they are doing a few
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