Aswath Damodaran – The Fed did it!

The Fed does not set rates, has had only a marginal role in keeping rates low and its effect on stock prices is debatable. Heresy, right? On the eve of another FOMC meeting, my views on central banking myths.

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Blog post:http://aswathdamodaran.blogspot.com/2...
Slides: http://www.stern.nyu.edu/~adamodar/pd...