Reflecting on Charles Evans' "liquidity trap" speech (and here), Mark Thoma wonders how much gas...

|By:, SA News Editor

Reflecting on Charles Evans' "liquidity trap" speech (and here), Mark Thoma wonders how much gas is still left in the monetary policy tank, given the heaps of cash firms are already sitting on. Why is everyone fixated on the Fed? he wonders, And why is everyone so quick to let Congress off the hook?