TITLE

Fed's Ferguson: Deflation Risk Low

AUTHOR(S)
Newman, Emily
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/12/2003, Vol. 344 Issue 31655, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The risk that the United States will experience a deflationary spiral similar to Japan's is minimal. A deflationary slump is frequently more dangerous than inflation or even a typical economic downturn because it limits the United States Federal Reserve Board's ability to control the economy with interest rate cuts. The U.S. real economy is stronger than Japan's during a comparable period and asserted the U.S. is better equipped to deal with deflation and has significant economic tools at its disposal. Those tools include lowering interest rates further out along the maturity spectrum.
ACCESSION #
10069683

 

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