if CNBC discussion of the minutes is to be believed, FOMC is
targeting the dollar, the do not want a stronger dollar (which is
not part of their dual mandate) they are supposed to be targeting
inflation - they have disinflation now (they let that out of the
bag and we are in real trouble -that is part of the dual mandate
and they are supposed to 'control' it). lastly the other half of
their mandate is for lower unemployment. seeing their revised
estimates, 9%+ unemployment will continue beyond 2011. since
this administration is anti-business, the FOMC feels it needs to
provide the fuel for the markets. too bad we can't vote FOMC
members out of office. this is scary. IMHO (gotta love BPT, keep us
out of trouble guys)
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FOMC today or tomorrow ie
FOMC Minutes at 2:00 EST (Reminder)
Posted by nichi on 23rd of Nov 2010 at 01:54 pm
FOMC today or tomorrow ie Nov.24 per your newsletter
FOMC minutes
Posted by hazbin1 on 23rd of Nov 2010 at 01:56 pm
~ 5 min from now, for all us commoners, insiders already have 'em
FOMC - executive summary
Posted by hazbin1 on 23rd of Nov 2010 at 02:12 pm
if CNBC discussion of the minutes is to be believed, FOMC is targeting the dollar, the do not want a stronger dollar (which is not part of their dual mandate) they are supposed to be targeting inflation - they have disinflation now (they let that out of the bag and we are in real trouble -that is part of the dual mandate and they are supposed to 'control' it). lastly the other half of their mandate is for lower unemployment. seeing their revised estimates, 9%+ unemployment will continue beyond 2011. since this administration is anti-business, the FOMC feels it needs to provide the fuel for the markets. too bad we can't vote FOMC members out of office. this is scary. IMHO (gotta love BPT, keep us out of trouble guys)