Jul 26
Speak Loudly And Carry A Small Stick
As expected, the Federal Reserve left the federal funds rate unchanged at 2 percent at today’s FOMC meeting. The wording in the Fed’s statement is a touch more hawkish than in previous meetings and one member of the FOMC, Richard Fisher, president of the Dallas Fed, dissented in favor of raising interest rates. The Fed is in a tough spot, with no clear good choices to make. Raising interest rates might help curb some of the fears about escalating inflation but would not likely have a material
