Tom Keene's EconoChat

摘要

You have persistently called for higher interest rates. Why?rnYou know, there is a great emphasis now within the Federal Reserve on consumer protection. And I think a nice way to protect the consumer is to give the consumer a rate of return on his or her savings greater than zero. The great paradox to me of the Fed's obsession with consumer protection is that the one thing it can control-that is to say, its own federal funds rate-is stuck very close to zero.