There were few fireworks in the latest Federal Reserve meeting. After a Federal Open Market Committee meeting in Washington on Monday and Tuesday, the central bank left open the possibility of taking further steps to try to boost the sluggish economy … but gave no hint as to what those moves might be.
That’s not much of a surprise — as stated yesterday, it is painfully clear that the Federal Reserve and Chairman Ben Bernanke are powerless.
But it’s worth noting that amid all this, one stubborn member of the central bank — Charlie Evans, president of the Chicago Fed — continues to make a fuss. Read