The Fed kept rates excessively low because of well-intentioned efforts to prevent something worse — primarily a fear of deflation and continued worry about the aftermath of 9/11 and the bursting dot-com bubble — not because of bad intentions or incompetence.
causalpending
Speaker
John TaylorEvidence Quote
“I would characterize it this way well-intentioned efforts to prevent something worse if you like that like a deflation or like a Japan or major downturn and so I don't think it's a matter of you know of people with the wrong intentions they were very much like you and me trying to do the best they could”
Created: 6/15/2026, 9:20:12 AM
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