Fed Hitches Wagon to Thresholds

by • April 2, 2013 • News ArchiveComments Off on Fed Hitches Wagon to Thresholds1331

In this week’s FOMC meeting, the Federal Reserve announced a replacement for Operation Twist which, essentially, ushers in a fresh round of Quantitative Easing (QE). The other announcement was that future decisions on interest rates would be tied to two economic indicators that have historically shown to be highly prone to manipulation and politicization–unemployment and the rate of inflation.

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