All Commentary
Wednesday, December 14, 2011

Fed Stays in Holding Pattern


“Federal Reserve policymakers said Tuesday that the economy is “expanding moderately” and declined to take any new measures to try to strengthen growth, electing to leave the central bank’s low-interest-rate policies in place.” (Washington Post)

The distorting policy will continue.

FEE Timely Classic
“The Greenspan Fed in Perspective” by Roger W. Garrison