In your opinion, did the Fed do the right thing to stabilize prices (contain inflation) by its actions in 1999/2000 or, in the paraphrased words of Steve Forbes, do nothing more than “make a healthy person sick just because he was too healthy” and actually cause a “crash-landing” of our economic growth? In other words, did the Fed’s actions actually cause the recession we experienced in 2001?The Fed do the right thing to stabilize prices (contain inflation) by its actions in 1999/2000 and the Fed’s actions actually try to resolve the recession we experienced in 2001. In 2001 and…
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To stabilize prices
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