The Fed is trying to change as little as possible as it crafts its strategy to exit from record stimulus. The trouble is financial markets have changed so much that the still-developing plan may prove costly and ultimately unworkable.
Unemployment will fall to about 7 percent in the fourth quarter, according to economists at five of the worlds largest banks, creating more confusion among investors about the Federal Reserves bond-buying plans.
Mitt Romney says Barack Obamas policies will consign the U.S. to an extended period of sluggish economic growth, at best. The president says his Republican challengers plans will sow the seeds of another mammoth recession. Both are wrong.