As economy weakens, Fed keeps money spigot wide open
Wednesday, May 1, 2013 - 17:00
in Mathematics & Economics
With the U.S. economy slowing down again, this is no time for Federal Reserve policy makers to tighten the central bank's $85-billion-a-month money hose. That’s, in essence, what central bank policy makers said Wednesday when they voted to stick with their four-year-old policy of pumping cash into an economy still struggling to recover from the biggest financial collapse in 80 years.The central ...