The Fed risks repeating a ghastly mistake it made right before the past 2 recessions

A decade ago this week, traders cheered news that the Federal Reserve was cutting its key interest rate by an assertive 50 basis points. Back then, the central bank was getting more worried about how borrowing costs could speed up the collapse in house prices.
The tenor of the two-day meeting this week is very different, as the Fed discusses an economy headed in the opposite direction. The Fed is now considering when to resume raising rates.
"One thing that concerns me more than anything is the