Fed: Other Shoe About to Drop
August 9, 2010
The only two people in the world who believe the economy is healthy and vibrant are Barack Obama and Joe Biden. Now, the Federal Reserve Board’s Open Market Committee (FOMC) is getting ready to announce that the economy is sicker than we thought. Although Fed policymakers still believe the basic trajectory of the economy remains one of moderate expansion, there may be more attention given to heightened dangers of a sharp slowdown.