Posted by fkarlson on 27th of Apr 2011 at 12:46 pm
FED-early FOMC stmt: No change in $600b QE2 thru June or rates
(FF still
targeted 0-1/4%) keeps `extended pd` and will `reg review`
portfolio.
Language alterations say labor mkt `improving gradually` but
drops econ
on `firmer footing` - now says recovery `proceeding at mod
pace.` Again
mentions commods/oil but not Japan; adds a bit more talk on
inflation
(`has picked up`) but expects rise `to be transitory`. Will
pay close
attention to infl/expectations and sees underlying infl as
`still
subdued`. Unemployment `remains elevated`. Fed will continue
to monitor
outlook. Vote 10-0.
It would seem that they are ALL more afraid of the markets
slipping back into recession than of inflation or dept or worthless
paper fiat money. = Not Good.
Posted by fkarlson on 27th of Apr 2011 at 12:58 pm
NPR reported that Bernanke is now going to make public
statements after each quarterly meeting. So perhaps the committee
wants to give a unified perception to the public to backup the
chairman's comments.
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FOMC Decision any time now
Posted by steve on 27th of Apr 2011 at 12:31 pm
FOMC Decision any time now
Fed-early FOMC Statement
Posted by fkarlson on 27th of Apr 2011 at 12:46 pm
FED-early FOMC stmt: No change in $600b QE2 thru June or rates (FF still
targeted 0-1/4%) keeps `extended pd` and will `reg review` portfolio.
Language alterations say labor mkt `improving gradually` but drops econ
on `firmer footing` - now says recovery `proceeding at mod pace.` Again
mentions commods/oil but not Japan; adds a bit more talk on inflation
(`has picked up`) but expects rise `to be transitory`. Will pay close
attention to infl/expectations and sees underlying infl as `still
subdued`. Unemployment `remains elevated`. Fed will continue to monitor
outlook. Vote 10-0.
Thing to see is Voting
Posted by coold on 27th of Apr 2011 at 12:51 pm
Thing to see is Voting of 10-0, But the speeches from various Feds during the earlier this month was split...Wondering what changed
Also no mention of plans after June so no QE3 yet
It would seem that they
Posted by ditch on 27th of Apr 2011 at 01:33 pm
It would seem that they are ALL more afraid of the markets slipping back into recession than of inflation or dept or worthless paper fiat money. = Not Good.
FOMC Voting
Posted by fkarlson on 27th of Apr 2011 at 12:58 pm
NPR reported that Bernanke is now going to make public statements after each quarterly meeting. So perhaps the committee wants to give a unified perception to the public to backup the chairman's comments.