Has The Fed Finally Learned Some Lessons?

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For weekend reading, Gary Alexander, senior writer at Navellier & Associates, offers the following commentary: “I would like to say to Milton … Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” – Fed Governor Ben Bernanke, speaking to Milton Friedman on his 90 birthday, 2002. Last week, I showed howthe Federal Reserve Open Market Committee was very active during most mid-term election years from 1962 to 1998, often causing turbulence in the markets and a change in Congressional party power, thereby fueling a market rally late i…

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