The Fed risks repeating a ghastly mistake it made right before the last 2 recessions

A decade ago this week, traders cheered news that the Federal Reserve was cutting its key interest rate by an assertive 50 basis points. Back then, the central bank was getting more worried about how borrowing costs could speed up the collapse in house prices. The tenor of the two-day meeting t...

The Fed risks repeating a ghastly mistake it made right before the last 2 recessions