All Commentary
Friday, March 26, 2010

Fed Chief Discusses Exit Strategy

“The Federal Reserve is open to selling some of the securities now on its books as part of its withdrawal from its unconventional efforts to prop up the economy, Chairman Ben S. Bernanke said Thursday, in a change of tone on how the Fed will execute its exit strategy from crisis-era interventions.” (Washington Post, Friday)

Close your eyes, cross your fingers, and hope for the best.

FEE Timely Classic
“Faith in the Fed” by Hans F. Sennholz