RobertB
September 6th, 2007, 11:12 AM
Who's To Blame For Housing Bubble?
Oxford Analytica 09.05.07, 6:00 AM ET
During high-level economic discussions held at Jackson Hole, Wyo., Aug. 31 to Sept. 2, leading economists presented differing views of the current situation. But agreement emerged on two points: that swift and strong Federal Reserve action is needed to avoid recession, and that at least some blame can be attached to Fed policies under its former chairman, Alan Greenspan.
In his speech, Fed Chairman Ben Bernanke discussed the current financial market position and the changing role of housing markets in monetary policy transmission. Bernanke did not give a clear indication of future policy on either item, although markets were somewhat reassured by his comments.
http://www.forbes.com/home/markets/2007/09/04/fed-mortgage-greenspan-biz-cx_0904oxford.html
Oxford Analytica 09.05.07, 6:00 AM ET
During high-level economic discussions held at Jackson Hole, Wyo., Aug. 31 to Sept. 2, leading economists presented differing views of the current situation. But agreement emerged on two points: that swift and strong Federal Reserve action is needed to avoid recession, and that at least some blame can be attached to Fed policies under its former chairman, Alan Greenspan.
In his speech, Fed Chairman Ben Bernanke discussed the current financial market position and the changing role of housing markets in monetary policy transmission. Bernanke did not give a clear indication of future policy on either item, although markets were somewhat reassured by his comments.
http://www.forbes.com/home/markets/2007/09/04/fed-mortgage-greenspan-biz-cx_0904oxford.html