
Shapiro comments on new Federal Reserve findings in NYT
an In The Media Reference
"Economists Express Caution on Forecasts in a Fed Study " - New York Times. 1/10/2011.
Matthew Shapiro says the Fed's plan to buy $600 billion in treasury securities might have a psychological basis. The Fed is sending a signal “that they’re doing what they can and not throwing in the towel,” he says.