The Washington Post Throws a Barrage of Non Sequiturs at Readers in Fed Editorial

The Washington Post editorial board is firmly non-committal on the question of whether the Fed should take more steps to boost the economy. On the pro side we have the fact that the economy is well-below full employment and growing slowly. Furthermore, the Post acknowledges that there is no threat of inflation. Given the Fed's twin mandates for full employment and price stability, it seems like we have a clear answer here.


But no, that would be too easy. The Post tells us:


"The Fed may also n...

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Published on July 13, 2012 08:03
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