Tuesday, May 27, 2008

3 Reasons Why the Fed Can Afford to Pause in June

Why the Fed Can Afford to Pause

This morning, Federal Reserve Vice Chairman Kohn made the most explicit comment that we have heard from a central bank official to date about pausing in June. He said that the “economy, markets should gradually improve” and “monetary policy appears to be appropriately calibrated for now to promote [...]

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