Daily Archives: August 9, 2011

Why the Fed Sat on Its Hands

Source: http://www.theatlanticwire.com he stock market took a tumble this afternoon and bounced back up (the Dow closed up 400 points) following a much-anticipated Federal Reserve announcement that the central bank would keep interest rates low until at least mid-2013. A number of progressive economists had hoped the Fed would implement a third round of quantitative […]