Did “Tight” Fed Policy Cause the Financial Crisis? | Mises Daily
#Financial Crisis
dossier: FC::House-Mortgage 2007
Recently Senator Ted Cruz aggressively questioned Janet Yellen on the Fed’s possible role in causing the financial crisis and subsequent recession. In particular, he claimed that “in the summer of 2008” the Fed “told markets that it was shifting to a tighter monetary policy,” and that this announcement “set off a scramble for cash, which
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