Graph of the Day for April 28, 2010

"Since the 1980s, the Fed has done a good job in gradually squeezing inflation out of the economic system, lowering interest rates and improving the prospects for sustained economic growth.  However, just as the Fed must move preemptively to address the potential for inflation, the Fed must also be poised to ensure price stability by countering persistent downward pressures on prices."  Rep. Jim Saxton (R-NJ), May 2003."Fed bashing on rise in face of anger over Wall Street bailouts, high unemployment."  AP headline, November 2009.(Read Full Post)

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