Federal Reserve to Leave Interest Rates Near Zero
DECEMBER 17, 2009
“The Federal Reserve said Wednesday that it will shut down some of the emergency triage measures it put in place at the height of the financial crisis but will leave interest rates near zero out of continuing concern about the weak U.S. economy.”
Never underestimate government’s willingness to delay the inevitable.
FEE Timely Classic:
“Economics on Trial” by Mark Skousen