Fed understands fiscal stimulus but not its own operations
September 03, 2009 at 08:20 AM EDT
[Skip to the end] Glad they are getting up to speed on fiscal. Sorry to see they are still out to lunch on the ramifications of their balance sheet. The Fed on Stimulus: Seems To Be Helping Fiscal stimulus — the tax cuts and spending increases passed by Congress to boost the economy – isn’t the province of the [...]