No organization gets more attention for doing nothing than the Fed. The fact that the Federal Reserve concludes a two-day meeting today has been widely reported -- as has the fact that the Fed is expected to leave its bank-lending rate near zero. Not only is the Fed expected to do nothing today, but speculation centers on whether it will renew its pledge to continue to do nothing with interest rates for the foreseeable future. Against this slightly absurd backdrop, one has to ask a serious question: Has the Fed painted itself into a corner with these near-zero interest rates? The dilemma is that these low rates have done little to stimulate the economy, and yet raising them would be disruptive to the financial markets.
Comment on Richard Barrington: Bank Rates Have Little to Hope for From Fed Meeting
Richard Barrington, Huffington Post: Business
Wed, 06/23/2010 - 5:40pm
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