In Thrall To The Federal ReserveGuest Post
In Thrall To The Federal Reserve by Jeff Deist, Mises Institute
Perhaps no economic pronouncement in history has been anticipated, discussed, predicted, dissected, and reported like the Federal Reserve’s momentous decision today not to raise interest rates.
The outpouring of relief witnessed today by the financial press is nothing short of cathartic. Fear and anxiety, built up over months, is replaced by relief, even euphoria.
This is not to say the hype is unwarranted. On the contrary, the decision to raise interest . . .
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