All Commentary
Thursday, November 5, 2009

Fed Will Keep Federal Funds Rate Near Zero

“Federal Reserve leaders are sticking with their policy of very low interest rates for some time to come, they indicated Wednesday, but gave new details of the factors they will use to decide when to change course.” (Washington Post, Thursday)

How does the Fed know what the right rate is?

FEE Timely Classic
“The Fed Sets Interest Rates? ~ It Just Ain’t So!” by Richard H. Timberlake

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.