Kudlow, Yellen Are Right, Fed Must Slash Rates Now

Michael Busler
4 min readApr 1, 2019

In 2007, as the economy was slowing and about to enter what turned out to be a very severe recession, the Federal Reserve began to cut interest rates.

At the time, the federal funds rate was 5.25%. By the end of 2008, the rate was near zero. At the same time, the Fed began to massively increase the money supply.

Michael Busler

Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.