Fed Policy Props Up Wall St., Kills Main St.

Camden Fine, Washington Post
After nearly a decade of living inside the Beltway, I have learned not to be surprised by much in Washington. But I was astounded this month when the Federal Reserve announced its intention to keep interest rates at zero percent for at least the next two years. I kept staring at that number, 2013, assuming that it was a mistake. Surely the governors meant 2012, which would have been bad enough, I thought. But at least 2013? What is going on, I wondered. Why put a fixed date on it at all? Now their hands are really tied!I have been a community bank owner and was president of a bank that served...

Source: http://www.realclearpolitics.com/2011/08/26/fed_policy_props_up_wall_st_kills_main_st_262325.html

Dianne Feinstein Bill Frist Newt Gingrich Rudolph Giuliani Al Gore