This morning we read on Bloomberg.com that Former Federal Reserve Minneapolis President Narayana Kocherlakota believes no matter what the Federal Reserve Open Market Committee does they are making a mistake. He argues that doing nothing or raising rates are wrong. The only correct decision is to cut rates.
This is not the consensus in any form. So we would be a reader of this article that can be found at: http://bloom.bg/2ctFkRo
Enjoy this thought provoking article.
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