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View Full Version : We Are Sailing Deeper Into Uncharted Waters



mikesilvia
09-22-2012, 11:10 AM
Remarks before the Harvard Club of New York CityNew York, N.Y. · September 19, 2012 It will come as no surprise to those who know me that I did not argue in favor of additional monetary accommodation during our meetings last week. I have repeatedly made it clear, in internal FOMC deliberations and in public speeches, that I believe that with each program we undertake to venture further in that direction, we are sailing deeper into uncharted waters. We are blessed at the Fed with sophisticated econometric models and superb analysts. We can easily conjure up plausible...

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