The FOMC’s Options
When I was on the FOMC (1991-2004), I arrived at the meetings with “soft conclusions” formed. By that I meant I went in with my preferences, but with a mind open enough to be persuaded otherwise. Tonight, my conclusions are softer than usual, but here is the context of tomorrow’s FOMC decision as I see [...]
When I was on the FOMC (1991-2004), I arrived at the meetings with “soft conclusions” formed. By that I meant I went in with my preferences, but with a mind open enough to be persuaded otherwise. Tonight, my conclusions are softer than usual, but here is the context of tomorrow’s FOMC decision as I see it.
The State of the Economy
The economy, never strong, has weakened further. The last two headline real GDP numbers, while weak, nevertheless overstated strength. The headline numbers were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards