The Flight to Quality: Project Syndicate
Harold Meyerson on the Latest Pathology of Washington DC


This is not good. Not good at all. The "yell 'fire, fire!' in Noah's flood" wing of the Federal Reserve ought to be a lot smaller and quieter than this right now.

Annie Lowrey:

Three Fed Presidents Recommend Interest-Rate Increase: Today, the Federal Reserve released the minutes of its Board of Governors meetings to discuss the United States’ monetary policy in April. In February, all twelve Federal Reserve regional bank presidents requested to keep the primary credit rate at 0.75 percent.... In mid-April, the heads of the Kansas City, St. Louis and Dallas banks all voted to establish a rate of 1 percent...