Sep
19

Bold Bernanke

In a surprising but gutsy move, the Fed will not start tapering this month. There are many reasons. The most compelling; the recent rise in interest rates needed to be checked as they harm the slow recovery, Congressional hijinks over the budget and debt ceiling look increasingly worrisome, an inflation rate that is worryingly low and the opportunity to unequivocally show markets that its primary concern is encouraging growth.

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