The Fed’s Dilemma: Rescue the Housing Market, or Feed the Poor?
Apr 29th, 2008 | By Martin Hutchinson | Category: Politics & EconomicsAt their two-day meeting that starts today, Tuesday, U.S. Federal Reserve policymakers will have to grapple with a moral choice that is well beyond the pay grade of central bankers - choosing between the financial stability of U.S. homeowners and world hunger.