Speech

Storms on the horizon


Abstract: \"Even the perception that the Fed is pursuing a cheap-money strategy to accommodate fiscal burdens, should it take root, is a paramount risk to the long-term welfare of the U.S. economy. The Federal Reserve will never let this happen. It is not an option. Ever. Period.\" ; Remarks before the Commonwealth Club of California, San Francisco, California, May 28, 2008.

Keywords: economic conditions - United States; Budget deficits;

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Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2008

Number: 26