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| Why the Fed is respected... |
"The US Federal Reserve is exploring an overhaul of the federal funds rate - a benchmark that underlies almost every financial transaction in the world."
"It is likely to consult extensively with markets before any change."
- The Financial Times (July 11, 2014)
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| WOW! |
Can you imagine that! The most powerful financial regulator on the planet actually consulting - extensively - with the knowledgeable, affected parties before a proposed change is suggested !
2 comments:
Jim, I think the real problem is that some people at some agencies think they are the federal reserve when actually they border on rogue. Your picture of Napoleon is nice, but shouldn't it be of the queen?
You believe it is a "royal pain"?
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