January 26, 2012

'Fool In the Shower' to Give the Fed a Scalding

Caroline Baum, Bloomberg

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Long and variable lags. That’s all I could think of yesterday when I read the Federal Reserve statement and learned that economic conditions “are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014. . ."

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TAGGED: Federal Reserve System, Caroline Baum, Monetary Policy

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