Fed watchers are pointing to specific comments in today's statement noting ”strains in global...

|By:, SA News Editor

Fed watchers are pointing to specific comments in today's statement noting ”strains in global financial markets” as a potential “downside risk” for the U.S. economy, as though this were some new catalyst for concern. It seems apparent that when the Fed declares itself lender of last resort "to the world" - as it did just last week - it may have already been aware of the problem.