3min chapter

Forward Guidance cover image

Inside Camp Kotok | David Kotok on “Disastrous and Debilitating” Effect Of Debt Ceiling on Bond Markets

Forward Guidance

CHAPTER

The Fed Saved the Country From a Meltdown Contagion

David Frum: The Federal Reserve saved the country from a meltdown contagion. He says Congress gets away with this murder because they know the Fed is there to clean them up after they spoil their diapers. "I could do this for very long, but you are needed, I believe, at six o'clock"

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