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They argue that the central bank's existing efforts are not helping, and that new efforts could have negative consequences.
Critics argue that the central bank has not done enough to halt the five-year slide in prices.
I would argue that the central bank's proper role is fundamentally different in the two types of bubbles.
Some argue that the central bank should not be diverting its view from its main purpose, but others say the purchases are clearly allowed.
Mr. Rosengren and other Fed officials argue that the central bank is doing what it can to increase the pace of job creation.
Some economists argue that the central bank can do little to force-feed credit to small businesses in countries like Greece and Portugal that are having prolonged downturns.
Similar(35)
It is often argued that the central bank was too slow to cut rates after the stockmarket collapsed.
But he also argued that the central bank does not have full control over long-term rates.
Arguing that the "central biological difference" between women and men is testosterone level is silly and sexist.
(Previously, Krugman had argued that the central bank could always revive an economy by simply lowering interest rates).
Judging by the decline in inflation, it could be argued that the central bank has been successful in controlling the inflation rate.
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