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The Fed blinked, easing monetary policy to reassure markets that are jittery about a housing slump and weak jobs growth.(The Week)(Brief article)
The Fed blinked, easing monetary policy to reassure markets that are jittery about a housing slump and weak jobs growth. The Fed said its action would "promote moderate growth over time." But promoting long-term growth is not something the Fed can do, and therefore not something it should try to do. What it can do is fight inflation. As the editors of the Wall Street Journal have observed, the inflation picture does not justify looser money. Confirming their predictions, ...
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Source: HighBeam Research, The Fed blinked, easing monetary policy to reassure markets that are...