Monday, August 27, 2012

Ben Bernanke's Jackson Hole speech could be a letdown - Aug. 22, 2012

The Fed can do a lot to help the economy, but they can only do so much. With the uncertainty in Washington the Fed is rather limited. More than anything we need Congress to pass policies that last more than 1-year. We have the Bush tax cuts and payroll tax cuts expiring at the end of the year.  There is further uncertainty over changes in the tax system. 

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