WASHINGTON -- The Federal Open Market Committee issued its most
upbeat statement about the economy in recent memory on Wednesday,
saying that the downturn is slowing and deflation is no longer a
big threat. In a statement, the Fed stayed the course on interest
rates and Treasury purchases, as expected. The Fed highlighted
rising energy and commodity prices, but said inflation was likely
to "remain subdued for some time." Fed officials pointed to
improving conditions in financial markets.
Posted by billrosen on 24th of Jun 2009 at 02:45 pm
you are wrong Steve, on CNBC
Jim Cramerjust said Bernanke and the FED are honest and would not lie
to the American people...I need to go clean up my TV as I just
vomited on it...
Fed
Posted by ravun on 24th of Jun 2009 at 02:19 pm
WASHINGTON -- The Federal Open Market Committee issued its most upbeat statement about the economy in recent memory on Wednesday, saying that the downturn is slowing and deflation is no longer a big threat. In a statement, the Fed stayed the course on interest rates and Treasury purchases, as expected. The Fed highlighted rising energy and commodity prices, but said inflation was likely to "remain subdued for some time." Fed officials pointed to improving conditions in financial markets.
under these conditions the only
Posted by dylan398 on 24th of Jun 2009 at 02:34 pm
under these conditions the only reason inflation would stay tame is high unemployment....
How can we trust a FED that's in bed with the gov't...and vice-versa
the market is trading like the FED is signalling higher rated.....AEM has tanked since the announcement
The FED may not be
Posted by dodgerdog on 24th of Jun 2009 at 02:40 pm
The FED may not be worried about DEFLATION but the market sure the hell is - you know when the Fed is lying? When they move their lips.
you are wrong Steve, on CNBC
Posted by billrosen on 24th of Jun 2009 at 02:45 pm
you are wrong Steve, on CNBC Jim Cramer just said Bernanke and the FED are honest and would not lie to the American people...I need to go clean up my TV as I just vomited on it...
the money supply has dwindled,
Posted by jtverr on 24th of Jun 2009 at 02:36 pm
the money supply has dwindled, that is why there is no inflation...yet.