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Confessions by the Fed

If ever a case could be made to abolish the Fed and to let the market set interest rates, that case was made today. Ironically enough the case against the Fed was made by Richard W. Fisher, a current Fed Governor. Please consider the following speech:
Confessions of a Data DependentFisher’s remarks before the New York Association for Business EconomicsNew York […]

Read entire post by Michael Shedlock

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