Fed Mails It In
I think everyone pretty much knew what the Fed would do today. They would keep interest rates at 0%-0.25% and say they were likely to stay there for an extended period of time. They would keep their agency and treasury…
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Jeff Miller: Fed Policy Nothing To Worry About
In another incredible statement by a so called expert we get this: Investment Conclusion: There are plenty of things to worry about. Fed policy is not one of them. – Jeff Miller, A Dash Of Insight, July 16 Citing McTeer,…
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Greenspan: Inflation – the real threat to recovery
But I see inflation as the greater future challenge. If political pressures prevent central banks from reining in their inflated balance sheets in a timely manner, statistical analysis suggests the emergence of inflation by 2012; earlier if markets anticipate a…
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Deflation No Longer A Concern But Mostly The Same In Fed Statement
In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability…
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Fed Copy Machine In Good Working Order
No change in policy from the Fed today on interest rates or securities purchases and the statement was mostly a photocopy of the March one as well. The only change was some comments that the economy has improved slightly since…
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Edward Chancellor On The Inflation/Deflation Debate
Inflation expectations might also shift if the markets lose confidence in the state of the public finances. Washington is set to produce a deficit this year of $1,800bn (£1,237bn, €1,325bn). The cost of bailing out Wall Street runs to several…
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Dollar Selloff Is Risk To Stock Market
The dollar continues to tank and commodities continue to rally in the wake of yesteday’s Fed announcement: The euro is up another 2 cents versus the dollar to $1.37 – after rallying 4 cents yesterday after the Fed announcement. Oil…
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The Fed Must Be Crazy
To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total…
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The Fallacy In Greenspan’s Self Defense
Mr. Greenspan ought to have used the pages of the Journal to apologize to the nation. Instead, his piece will stand as a testament to his hubris, or perhaps his delusions. – Ian Shepherdson, Chief US Economist, High Frequency Economics…
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Bernanke Vs. Feirman On The Prospects For A Recovery In 2010
If actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability – and only if that is the case, in my view – there is a reasonable prospect that the…