Is The End Nigh? Former FOMC Member Warns “The Fed Is Vulnerable”
by former Fed member Kevin Warsh
ZeroHedge.com
Aug 25, 2016
If, as is likely, the economy is closer to recession than resurgence, the Fed is poorly positioned to respond with force, efficacy and credibility. The Fed is vulnerable. Its recent centennial as our nation’s central bank should not be confused with its permanent acceptance in the American political system.
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