All Commentary
Thursday, August 11, 2011

Drastic Fed Response Seen in the Offing


“Some economists say the Federal Reserve will likely take dramatic steps in coming months to head off another recession. The Fed said Tuesday it likely will keep short-term interest rates near zero at least through mid-2013 — an extraordinary commitment that shows the central bank doesn’t expect job growth or inflation to pick up significantly for two years.” (USA Today)

Just what we need.

FEE Timely Classic
“’F’ as in Fed” by Sheldon Richman