Federal Reserve Policy continued
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Policy Reversals: Early 2001, Late 2004. Inflation Has Become Semi-Stability. This Will Not Last. Ben Bernanke's 2002 Speech.
What you read here, I wrote in December, 2002. Review it. FED policies "turn on a dime," but the dime will eventually be worth a nickel. Today's FED policy will produce a recession. Then the FED will reverse itself again. Conclusion: pay attention to FED policy.... keep reading
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