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Fed Action

We have a lot of Fed watching going on right now, primarily because we are at a point where monetary policy is changing.

It’s naive to think this has no affect on us in recruiting. While there isn’t much we can do about it, business conditions and monetary policy have an impact on the industry. The big analogy is that we are addicted to the additional money the Fed is pumping into the system to try and help the economy. Once they take that away, it is like an addict getting less and less of the drug.

Fed intervention isn’t pure and in the long run I believe we would be better off with as little intervention by the Fed as possible. Moving in that direction is good.

todd@toddkmiec.com

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