Fed’s credit flirtation muddles exit strategy

By: Caroline Baum February 6, 2009

What's the endgame? Even as the U.S. economy sputters, the banking system teeters, the budget deficit heads for the stratosphere and the hand of government extends into all corners of the private sector, the public wants to know the way out. This isn't a theoretical question. We've been there, done that. From the Great Depression to the 1970s, ...

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Fed’s credit flirtation muddles exit strategy

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