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8/29/10

Quote of The Day: The Washington Post

Fed's capacity to stimulate economy limited...

The answers lie not in kick-starting old engines of growth such as housing and consumer spending. Instead the challenge is to identify and invest in new opportunities and equip the American people -- through education, tax reform and entitlement reform -- to take advantage of them. This is a much harder job, one that will require the concerted attention of public and private sector leaders, at federal and state levels, over many years. Mr. Bernanke can help by keeping the economy functioning in the meantime. But Fed policy is no substitute for a reshaping of the economy.

The Washington Post
"Fed's capacity to stimulate economy limited"
08/28/10