THE FED TO THE RESCUE? AGAIN?
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Submitted by The Capital Spectator
The economy may or may not be slowing, but it’s clear that the stock market still loves the idea of lower interest rates.
Exhibit A is yesterday’s commentary from one Fed vice chairman. “Uncertainties about the economic outlook are unusually high right now,” Don Kohn advised the Council on Foreign Relations yesterday, according to Reuters. “These uncertainties require flexible and pragmatic policy-making — nimble is the adjective I used a few weeks ago.”
