Comments on:

Manhattan Moment: One word hurting growth: Zero

Back to the article » |
The Dodd-Frank and Obamacare laws clock in at nearly 5,000 pages between them. But it takes just one word to throw enough uncertainty into the economy and stave off growth: "zero." Going on four years now, the Federal Reserve has been doing something it's never done before: It has kept a key interest rate, the Fed funds rate, as close to zero as possible. This "zero percent interest...