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Essay Archive - The Fed and Interest Rates
The Fed and Interest Rates
Dave Pettit of The Wall Street Journal writes a daily column that
appears inside the first page of the journal's Money & Investment section. If
the headlines of Mr. Pettit's daily column are any accurate record of economic
concerns and current issues in the business world, the late weeks of March and
the early weeks of April in 1994 were intensely concerned with interest rates.
To quote, "Industrials Edge Up 4.32 Points Amid Caution on Interest Rates," and
"Industrials Track On 13.53 Points Despite Interest-Rate Concerns." Why such a
conce....
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