Dodging the Question
Anchor: What will Ben Bernanke do in January? What should he do?
DeLong: I think the FOMC will cut the FF rate by 50 basis points this month. Whether they will, and what they should do--well, Ben Bernanke is smarter than I am and thinks about this 24/7 which I do not. He leads a superb committee. He is backed by the best monetary policy technical economic staff on the world. If I disagree with Ben's FOMC on an issue of monetary policy, I am probably wrong.
