Daily Archives: July 2, 2011

The Fed and Interest Rates: Surprise, Surprise The Federal Reserve Bank’s interest rate policy is not as “independent” as most people think

You may remember the event that dominated last week’s U.S. economic calendar: the June 22 Federal Reserve’s interest rates announcement followed by Ben Bernanke‘s press-conference. In a credit-based economy that revolves around lending and borrowing, interest rates are a hugely … Continue reading

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