Even if it were wrapped in shiny paper with a big red bow on it, virtually everyone would have guessed at this year’s Christmas present from the Federal Reserve Board.…
A Way Out for the Fed
The economy grew at a tepid rate of 1.5% during the third quarter. More than 100 million Americans aren’t working. And the inflation rate is near zero. That’s after seven…
No Animals Harmed in Drafting Fed Policy Statement
Thousands of years ago, Roman soothsayers would visit the oracles and interpret the entrails of slaughtered animals. We haven’t advanced much since then. Fortunately, no animals are slaughtered today, but…