The Fed’s Sunshine Is Blinding Me
January 26, 2012 at 08:56 AM EST
Federal Reserve Chairman Ben Bernanke believes government functions best in sunshine, when decision-making is transparent and predictable. I usually applaud this philosophy. But I’m perplexed – or perhaps dazzled is a better word – by the Fed’s announcement yesterday that it intends to hold interest rates at ultra-low levels until at least late 2014. The [...]