Posted on 08/12/2009 1:56:30 PM PDT by fiscon1
Today's FOMC statement shows that while the politicians take blame and credit for the economy, the real economic puppet master of the economy is the Federal Reserve. Now, the Fed didn't change the Fed Funds Rate. It's still between 0-.25%. That's no surprise. The Fed essentially said that while things are still bad they are improving. In fact, the Fed referred to the economy as "leveling out". Here's their assessment of the economy.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
“Leveling out”? Is that the same as flat-lining?
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