Well, after months of misapprehension, miscommunication and monetary policy missteps, the Federal Reserve finally articulated a coherent position on how it plans to address the instability in our financial markets and the imminent recession that has both Wall Street and Main Street panicked over the prospect.
Wednesday, Ben Bernanke and company cut two key short-term interest rates a half-point apiece, only one week after cutting those same rates by three-quarters of a percentage point, amidst a global market meltdown.
The Fed's decisive...
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