[1]Inspired by Eugene Fama's paper, "Does the Fed Control Interest Rates?," [2] forthcoming in the Review of Asset Pricing Studies, Chicago Booth's Capital ideas magazine exposes the awful truth of who is in charge... and it's not The Fed.
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://ssrn.com/abstract=2124039
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150922_fed1.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150922_fed2.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150922_fed3.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150922_fed4.jpg
[7] http://www.chicagobooth.edu/capideas/magazine/fall-2015/whos-really-in-charge