Hour of truth by the Washington Post
It is that time of day when tidbits come across the wire from the Washington Post like this one. This is a real no sh’t statement.
“News Alert: Fed leaders: Economic recovery slower than expected
02:49 PM EDT Wednesday, July 14, 2010
Federal Reserve leaders marked down their expectations for growth and inflation last month, concluding that the economic recovery is proceeding more slowly than they had thought in the spring but that the slowdown did not warrant new policy actions.
But Fed leaders did agree to explore options for supporting the economy further in case conditions worsen.”