Federal Reserve won't save stocks and economy -- The Buzz

CNN Money

Paul R. La Monica, On Thursday August 4, 2011, 3:36 pm EDT

News flash for harried traders! The Federal Reserve may have two mandates. But placating Wall Street isn't one of them.

Yes, stocks are continuing their, to quote Tom Petty, free fall out into nothing. The Dow was down more than 400 points Thursday afternoon. And yes, the economy seems to be losing steam -- especially the job market.

Full story:
http://finance.yahoo.com/news/Federal-Reserve-wont-save-cnnm-4024691109.html?x=0