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We’ve Seen This Movie Before: Predictions of Economic Disaster

In a New York Times column today, William Cohan, a writer and former investment banker, warned of impending disaster if the Federal Reserve Board does not quickly move away from its low interest rate policy. Cohan tells readers: “But many people wonder…

In a New York Times column today, William Cohan, a writer and former investment banker, warned of impending disaster if the Federal Reserve Board does not quickly move away from its low interest rate policy. Cohan tells readers: “But many people wonder if Jerome Powell, the chairman of the Fed, has reckoned with the power More

The post We’ve Seen This Movie Before: Predictions of Economic Disaster appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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