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And that is why the Federal Reserve, for all its rapid interest rate cuts, and the Treasury Department have not been able to thaw the credit freeze.
If continued low growth and low inflation do not justify rapid interest rate increases, a hawkish Fed that raises rates anyway will face harsh disciplining by the market – and, by extension, so will Trump.
When inflation is rapid, interest rates are correspondingly high and a government may appear to run a deficit as a result of high debt servicing costs even if the real value of the debt is declining.
But with unemployment hovering near double digits, with Mr. Bernanke under attack for his performance in the runup to the crisis and with Congress moving to pare back the central bank's powers, economic and political pressures are weighing against rapid interest rate increases.
I don't see a rapid interest rate increase on the horizon.
The global increase of the environmental consciousness led to a rapid interest of the scientific community in the exploration of novel bio-based materials.
Similar(47)
The Fed's rapid interest-rate cuts have fostered an impression abroad that America's central bank does not care about the dollar.
Although America's recession has been mild thanks mainly to rapid interest-rate cuts it has left behind huge imbalances, including a high level of consumer borrowing and a large current-account deficit.
But the pace of development is rapid and interest in anti-poacher drones is global.
Although this technique has been mainly used for rapid prototyping, interest is growing in direct manufacture of actual parts.
CH4 CO2 reforming is of rapid growing interest for reasons of the continuous decrease of petroleum resources and the emphasis on the environmental situation for greenhouse gas mitigation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com