And so we have to be careful with looking at additional stimulus that we don’t provoke an increase in the bond rate and then offset a lot of the stimulus we’ve already got.
Franklin Raines Quotes
Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.
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| Birth: | 14th January, 1949 |
| Nationality: | American |
| Profession: | Businessman |
About
Franklin Delano "Frank" Raines was born in Seattle, Washington, USA. He is an American businessman. He is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who served as White House budget director under President Bill Clinton. He graduated from Harvard College, Harvard Law School; and Magdalen College, Oxford University, as a Rhodes Scholar.
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