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Monday, December 09, 2019 {{ new Date().getDay() }}

WASHINGTON (AFP) – The Federal Reserve on Wednesday left its $85 billion a month stimulus program in place, against broad expectations that it would reduce it as the economy grows.

Fed policy makers instead cut their growth forecast for this year and next, suggesting the economy is feeling the impact of government spending cuts and continues to struggle to break free from the Great Recession.

The Fed’s Federal Open Market Committee had been widely expected to begin reducing the bond-purchase program, aimed at pulling down long-term interest rates, after Fed Chairman Ben Bernanke predicted in May that the stimulus operation could be tapered late this year.

The FOMC said that although the economy appears to be holding up amid government “sequester” spending cuts, it “decided to await more evidence that progress will be sustained before adjusting the pace of its purchases.”

Photo Credit: AFP/Brendan Hoffman

Justice Ruth Bader Ginsburg

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Just over year before her untimely death on Friday, the late Justice Ruth Bader Ginsburg appeared as a guest lecturer for the Clinton School of Public Service in Little Rock, AR with National Public Radio correspondent Nina Totenberg. The crowd that signed up to see "Notorious RBG" live was so large that the event had to be moved to a major sports arena – and they weren't disappointed by the wide-ranging, hour-long interview.

Witty, charming, brilliant, principled, Ginsburg represented the very best of American liberalism and modern feminism. Listen to her and you'll feel even more deeply what former President Bill Clinton says in his poignant introduction: "Only one of us in this room appointed her…but all of us hope that she will stay on that court forever."