Introduction - another pivot
Last week, the Fed surprised markets by switching its focus from cutting interest rates much more (absent an actual recession rather than fears of one) to more "printing" of money.
I think this is fully appropriate and, if handled well, could be one of those Fed moves that is fair to savers, long-term investors, and (most important) workers and the businesses that employ them. I've been writing on economic matters via the Internet since George W. Bush was president, and the only time I remember saying good things about Fed policy