Tim Duy Knew at the Time That There Was a Housing Bubble

May 23, 2005: Tim Duy:

Economist's View: Fed Watch: The Fed and the Housing Bubble: David Wessel reported in the Wall Street Journal that the Fed is becoming concerned about a potential housing bubble. Those concerns were reiterated by Greenspan in the Q&A.... I don’t blame Fed officials for raising the alarm. I’m concerned, too. But the important question is what are they prepared to do about it? I continue to believe that the Fed is not likely to change the path of monetary policy to...