Wesbury: Fed Cuts Responsible for Mess

Friday, March 28, 2008 2:18 p.m. EDT

One of the leading economists in the U.S., Brian Wesbury of First Trust Advisors, LP, now says the government’s monetary policy is partly to blame for the ongoing malaise in the financial sector.
Non-stop interest rate cuts over the past few months may have created a perverse incentive for businesses to postpone activity, Wesbury noted in a daily briefing.

"Why do something today if rates will be lower next week or month?â€