The Federal Reserve's Rocky Road

The nation's beleaguered monetary policy gurus have tough decisions to make, regardless of the presidential outcome.

The Federal Reserve faces some critical postelection decisions in the face of the most vehement criticism since the early 1980s, when then-Chairman Paul A. Volcker pushed the economy into recession to combat a 13% inflation rate.

The new challenges include:

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Art Pine
Contributing Editor, The Kiplinger Letter