Levitt Center Director and Henry Platt Bristol Professor of Economics Ann Owen was interviewed for a Dec. 11 MarketWatch article titled “Fed to take a rest -Meeting expected to be uneventful with few changes to statement.” Quoted in the article, Owen discussed the intense and unanticipated opposition generated by the Fed’s announced asset purchase plan as well as the Fed’s commitment to it.
“When you look at the current state of the economy, I don’t see the Fed doing anything at all to change course from what they announced in November.” Inflation is very low and the unemployment rate rose in November to 9.8 percent and the housing market remains very depressed, she noted.
