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Ann Owen
Ann Owen

Owen Interviewed for WSJ MarketWatch Article About Federal Reserve

By Holly Foster
Posted July 26, 2012
Tags Ann Owen Economics Hamilton In the News

Ann Owen, the Henry Platt Bristol Professor of Economics, was interviewed for a Wall Street Journal MarketWatch article titled “One Fed tool that gives Wall Street heartburn.” The piece addressed a desire by some to reduce the interest rates paid to banks for reserves they leave at the Federal Reserve.


Owen, a former Federal Reserve Board of Governors economist, is among analysts who think the interest on reserves is too small a tool given the problems facing the economy.


Owen said that she was skeptical that “all of a sudden there would be new investments” that were not worth making if the interest on reserves was 25 basis points higher.


"It is doubtful to have a big impact," Owen added.

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