By Michael J. Bazdarich, PhD
The Fed policy initiatives introduced in recent weeks together represent a game-changer for the economy -- in ways that go beyond what you might think.
For the last two weeks plus, the Federal Reserve has been feverishly announcing policy initiatives intended to stem panic in the financial markets and in the economy. We think the direct credit market interventions announced by the Fed this week have the potential to be the most effective steps the Fed has taken in the past 30 years, possibly the most effective ever.
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