Field of Dreams, or Field of Nightmares? By Dawn Bennett
Last Thursday, Atlanta Federal Reserve President Dennis Lockhart spoke at an Investment Education Conference in Detroit. He voiced a position seemingly held by a number of Federal Reserve members, saying, "The economy is in solid shape to weather the upcoming turn to tightening monetary policy." If this is true, and everything really is running smoothly, then why did the Atlanta Fed just forecast that first quarter GDP growth for 2015 will be 0.20 percent? Only a few weeks ago the...
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