Sep
20

Policy Paralysis

policy-paralysis Despite the trivial economic impact of a rise of one-quarter of one percentage point in the federal funds rate, pundits obsess about whether the Fed will raise the rate as if the fate of mankind hangs in the balance. It’s because the decision is a close call, making it controversial, the result is easy to observe and primarily because the rest of Washington accomplishes nothing! The Fed stands pat tomorrow.

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