Should the US Federal Reserve continue to cut interest rates?

Monetary policy in the US is being aggressively eased with the aim of avoiding recession and giving troubled financial institutions more breathing space to recover. Is this the right decision? Can the US economy continue to develop without a recession for almost two decades? In E-brief 2007/10, Marek Dabrowski, Chairman of the CASE Supervisory Council, argues that the ongoing rate cuts in the US are risky for both the US and the global economy. For more, see: The Global Repercussions of Changes in US Monetary Policy