Ouch! You Don’t Have To Be Rude About It ‘

By Reg Green

Fed Stands Pat on Interest Rates,’ a Wall St. Journal headline said on Wednesday. I wonder how many minds, like mine, flew across the years to Jackie Kennedy and Patricia Nixon and their husbands’ pivotal debate for the presidency in 1960. In the most memorable line of the night Mr. Nixon dealt his hopes of election a severe blow and didn’t do his marriage much good either. “America,” he said, in a tone that brooked no dissent, “can’t stand Pat.”