Federal Reserve Chair Janet Yellen’s Washington news conference is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, Dec. 16, 2015. The Fed’s move to lift its key rate by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis.
Federal Reserve Chair Janet Yellen’s Washington news conference is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, Dec. 16, 2015. The Fed’s move to lift its key rate by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis. Richard Drew AP
Federal Reserve Chair Janet Yellen’s Washington news conference is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, Dec. 16, 2015. The Fed’s move to lift its key rate by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis. Richard Drew AP

The Fed's gross oversight

December 18, 2015 12:00 AM

UPDATED December 17, 2015 10:44 AM

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