Why The Federal Reserve Is Keeping Its Fingers Crossed Under The Streetlight
On Tuesday, August 5, the Federal Reserve voted to keep the interest rate for banks unchanged. Although I am by no means an expert on the economy and the role of the Federal Reserve, the actions of the Federal Reserve often remind me of that old cartoon about the conversation between Bob and Joe under the streetlamp. Bob sees Joe looking at the sidewalk under the streetlamp and asks: Read more
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