Ben Bernanke's tumultuous and newsworthy tenure running the Federal Reserve ended with a whimper today. The final FOMC statement of his era is almost unchanged from the previous one and even that overstates it, as the changes almost all involve tense switches to reflect the fact that it's a month later.
I'm slightly scratching my head at this one: "Labor market indicators were mixed but on balance showed further improvement." That's certainly true over a three or six month horizon, but the most recent data we've seen on the labor market didn't seem to me to show much sign of improvement. Onward to the Yellen era!
TODAY IN SLATE
Justice Ginsburg’s Crucial Dissent in the Texas Voter ID Case
The Jarring Experience of Watching White Americans Speak Frankly About Race
How Facebook’s New Feature Could Come in Handy During a Disaster
The Most Ingenious Teaching Device Ever Invented
Sprawl, Decadence, and Environmental Ruin in Nevada
You Should Be Able to Sell Your Kidney
Or at least trade it for something.
- Texas Lab Worker on Cruise Tests Negative for Ebola as Dallas Hospital Apologizes
- Police Use Tear Gas to Break Up College Pumpkin Festival Turned Violent
- Racist Rancher Cliven Bundy Challenges Eric Holder in Bizarre Campaign Ad
- Supreme Court Allows Texas Law That Accepts Handgun Permits but not College IDs to Vote
An All-Female Mission to Mars
As a NASA guinea pig, I verified that women would be cheaper to launch than men.