The Fed: Kicking the Economy's Steroid Habit
This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.
(CBS/AP)
We knew that the Fed wouldn't change interest rate policy, but as my favorite teacher Mr. Maloney used to say, "words matter!" The Fed surely gets mired in word-smithing, but as the economy comes to a critical juncture, can't the central bankers speak in plain English?
Just tell us something like this: "the outlook has improved, but we're concerned that the fragile player still needs an injection of steroids to play in the big game." Sorry if you don't like baseball metaphors, but we're in the midst of the Fall Classic, so why not?
Gen. Ray Odierno, head of multinational forces in Iraq, on progress there and plans for Afghanistan.
