The Fed surprises

posted by
August 14, 2011
Cato Institute
by Gerald P. O'Driscoll, Jr.  
Posted in Commentary

"The August 9th meeting of the Federal Open Market Committee -- the policymaking arm of the Fed -- was widely expected to be largely uneventful. It was anything but. Instead, the Fed issued a press release in the aftermath of the meeting that caught even its closest watchers off-guard, and is indicative of the state of turmoil in the U.S. economy and financial markets." (08/11/11)  

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