Last Wednesday's report on WTOP, the all-news radio station here in Washington, was both startling and priceless. I'm paraphrasing the second part of this quote, but the beginning is exactly what I heard:
"Well-fed policymakers later today will be deciding whether to increase interest rates."
It took me a minute or two to realize that the reporter was really saying:
"Well, Fed policymakers later today will be deciding whether to increase interest rates."
The more I think about it, I'm not sure what was actually being reported. After all, lunch is almost certainly provided at these meetings.










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