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So why did the Fed decide to wait?
Why did the Fed decide to reach so far beyond its shores?
Why did the Fed decide in December to stop predicting an end date for low interest rates, and instead to describe its economic objectives?
Should the Fed decide to cut interest rates next year to pep up a slowing economy, as some economists predict, it would also remove the argument that fiscal stimulus is the last thing the economy needs.
But there are many problems with having an explicit target for inflation -- one of those is which inflation metric will the Fed decide to use.
Similar(55)
Sequestered jurors, penned up and force-fed, decide cases in a way unfathomable to free-range citizens... Cites the verdicts in cases of O.J. Simpson, Rodney King, and Yankel Rosenbaum... It's not simply that the original verdicts were bad; it's that they lacked popular legitimacy.
No matter what the feds decide to do to DFA, it's not likely to reverse that trend.
He knows from his day job that when the feds decide to federalize everything, it weakens the states.
But if the feds decide to retry Menendez, which they probably will, the second trial may overlap with the Senator's 2018 reelection bid.
Even if the feds decide to start targeting commercial cannabis activity, it likely wouldn't impede California's independent ability to decriminalize the drug and expunge past marijuana convictions on the state level, he noted.
Leonardo DiCaprio / "The Wolf of Wall Street" The setup: Penny-stocks king Jordan Belfort indulges in every form of decadence possible on his way up the Wall Street ladder, and has a long way to fall once the Feds decide to bring him down.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com