Oct 032009
We have seen the folly in this policy, euphemistically known as ‘the Greenspan Put’ as gigantic asset bubbles ballooned out of control following cuts in 1998-1999 and 2002-2003. Fisher, a well-known inflation hawk, might be speaking for himself. Or he might be signaling there will be no Bernanke Put.
Source
Fisher Sees Limit to Fed’s ‘Life Support’ for Housing
– Bloomberg
