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Krugman Cautions Fed About ‘Slamming on the Brakes’

Summary:
Nobel laureate Paul Krugman, a distinguished professor at the City University of New York, says it looks like the economy has "hit the speed limit" but warns against the Federal Reserve moving too fast on rates. He speaks on "Bloomberg Markets: The Close."

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Nobel laureate Paul Krugman, a distinguished professor at the City University of New York, says it looks like the economy has "hit the speed limit" but warns against the Federal Reserve moving too fast on rates. He speaks on "Bloomberg Markets: The Close."
Paul Krugman
Paul Robin Krugman (born February 28, 1953) is an American economist, Distinguished Professor of Economics at the Graduate Center of the City University of New York, and an op-ed columnist for The New York Times. In 2008, Krugman won the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography.

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