The Fed seems to be happy that the housing market has cooled off at a measured pace. Rates across the board have increased by more than 1% and property appreciation has stopped in most markets. The Fed Chairman Mr. Bernanke gave a very upbeat assessment of the situation on the Hill today. Here is a [...]
Posts from ‘July, 2006’
The Federal Reserve System Works!
In light of the Fed Chairman testifying before Congress today, I found this article to be very interesting:
Fed is shielded from politickingEDWARD LOTTERMANThe important lesson from Federal Reserve news this week is a fundamental one: Our central bank system basically works well.
Regardless of Fed Chairman Ben Bernanke’s testimony before Congress or what the Fed’s Open [...]
