Why the Fed eased last week

Liscio, J.
April 1992
U.S. News & World Report;4/20/92, Vol. 112 Issue 15, p57
Ponders why the Federal Reserve Board engineered the 27 percent explosion in bank reserves in the first quarter of the year. The distinctive features of the recovery; The Fed's steady lowering of the funds rate; Slow money growth; Reaction by orthodox monetarists; Where the Federal Reserve runs into trouble; Chronic weakness in M2; What the February meeting of the Federal Open Market Committee revealed about the Fed's policy-making arm; Uncertain economic recovery.


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