Friday, June 29, 2007

Primum Non Nocere

SEARCH BLOG: FEDERAL RESERVE

Recently, I wrote that stock market concerns about an increase in interest rates by the Federal Reserve were irrational because the Fed would have to be acting irrationally, given current economic conditions, to raise interest rates.

The Fed did not act irrationally... at least for now.

Oh, the Latin? "First, do no harm." That should be the motto of the Fed.

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