Same Old, Same Old…


broken-ladder

From the WSJ:

Spurring faster growth ought to be the main goal of Washington policy, but instead President Obama continues to rely solely on the Federal Reserve. The Fed’s Open Market Committee didn’t disappoint him on Wednesday, voting as expected to continue its taper of bond purchases but promising to keep interest rates near-zero as far as the eye can see. This should be good news for stocks and other asset prices, if not necessarily for growth and real middle-class incomes.

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