A sharply divided Federal Reserve is expected to take modest steps Wednesday to bolster stagnant growth and hiring amid European debt woes.
The efforts likely won’t have a dramatic impact, analysts say. But inflation concerns may preclude stronger medicine, and in any case prior doses of shock-and-awe easing didn’t result in a self-sustaining, robust recovery.
They cannot fix it because you cannot correct a problem of excess debt by adding more debt … or in this case, by shuffling debt from one bucket to another.
[u]=[/u] Fool’s Errand.