It could have a real impact on Main Street since interest rates effect everything from mortgage and car loan rates to how much interest people earn on money they put in the bank.
Related: Alan Greenspan: The euro is doomed
Fisher went as far as to say the only reason the Kentucky senator is bringing this up now is because Congress has failed to do its job to reform the U.S. economy, so the politicians are trying to blame someone else.
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In the crossfire of criticism between the Fed and Paul is an important issue: how the Fed becomes more transparent without harming its policies, Wessel says.
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