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How the Fed Sets Interest Rates - Rich In Tradition But Slow As Molassas
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But it is a tradition, I fear, that yields little in providing a timely, informative look at the current state of our economy. Timeliness is at the root of nearly all the issues with Fed Monetary Policy. You see, our economy moves at the speed of the internet. The lightning-fast propagation of data moves markets, informs analysts, and impacts our lives.
But in Washington, the Committee Calendar sets the pace.
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