StreetSweeper

The Fed Tries to Save the Economy.... And Everybody Loses

Agree, we are all to pay the piper after this dance is over. It is curious why Ben reversed his staunch position against a cut and being "bullied" by the market. The unanimous decision to cut so deeply in favor of a short term benefit that encourages a longer term inflationary trend and weakened dollar makes little sense unless the Fed was heavily pressured by someone. But by who? Big business or big politics?