Source: http://thinkprogress.org/yglesias/2011/08/09/292024/the-fed-whiffs/
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Tuesday, August 9, 2011
The Fed Whiffs
Today’s Federal Reserve statement is baffling. They say that “economic growth so far this year has been considerably slower” than they expected and that they see “a deterioration in overall labor market conditions.” They say that “temporary factors…account for only some of the recent weakness.” They note that “inflation picked up earlier in the year” [...]
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