Watching Grass Grow
Felt more exciting than yesterday’s market action. Hopefully today will see some more lively action either in the positive or negative side of things. On a bright note (if you feel this way), William Poole has announced his retirement from the St. Louis Federal Reserve Board yesterday. Normally that would be something to cheer about. The problem comes from the fact that he’s been serving as St. Louis’ president for almost 10 years. The FOMC has a 10 year term limit and as such he’s forced to retire. His retirement is effective March 2008.
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