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Policy normalization must continue

By   /  Friday, June 10th, 2016  /  Banking & Finance, Banking Industry, Latest news, Op/Eds, Opinion  /  Comments Off on Policy normalization must continue

By Dan E. Hamilton Since 2008, the Federal Reserve has been engaged in an unprecedented experiment, one without any economic theory to recommend it. Its policies are internally inconsistent. Some work to restrict credit. Others ease credit. The 2007 failure of New Century Financial, a leading subprime lender, did not derail the economy. However, when Read More →