I'm not sure http://xxxnx.fun/recursion-image-fap/ m2mcp The Fed's job is being made much harder by a political process which is turning out particularly bad policy. Not only is the pace of government spending acting as a brake on growth, but a lack of a clear strategy for long-term deficit reduction means, all else being equal, that like as not we'll be in a similar or worse position in several years' time.
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