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The Fed has made politically difficult decisions in the past. During the 80's, they kept interest rates high, despite the massive unemployment.
by likpok 17y ago
The Fed has made politically difficult decisions in the past. During the 80's, they kept interest rates high, despite the massive unemployment.
- jhancock 17y agoThey certainly did not make politically difficult decisions over the last decade, which would have been to cool off the growth. They generally only make these difficult decisions in hard times, not good times.