August 05, 2008 at 11:53 AM EDT
FOMC: Forking Out More Currency
Today’s FOMC meeting is largely a done deal. No moves, but sound hawkish. Personally, if I were in their shoes, I would move the Fed Funds target to 2.05%, just enough to weird the markets out, but not enough to do any real damage to those who rely on Fed Funds. Creating uncertainty through breaking [...]
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