Posts tagged FOMC

The Federal Reserve Action-QE3 Speculation Still on the Table

Today the FOMC released their statement. Here are some excerpts of germane things you might want to know Growth in employment has been slow in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. …






Gridlock Isn’t Necessarily Good

I remember in the halcyon days of the Bill Clinton Presidency, many told me, “gridlock is good”. Republican controlled houses of Congress with a Democrat President. “Nothing can get done.”, they said. “It’s better for working families.” Well, some things …






Fed Does the Twist

They couldn’t leave well enough alone. There is a profound difference between men and women. When there is a problem, women want to talk about it. Men want to fix it. Some problems need simply be talked about, not fixed. …






SOTU Yesterday, FOMC Meeting Is Today

The market has a big week for digesting non-caloric news. The State of the Union was last night. I learned three things Obama wants to do; Facebook, Google, and high speed rail. Who writes his speeches? Obama’s oratories turn into …






Fed Governor Charlie Evans Wants to Be AGGRESSIVE

Evans was featured today in a Wall Street Journal story.  I guess well over a trillion in fiscal stimulus when you add up TARP, TALF, Porkulus, Fannie, Freddie, FDIC, QE1 and other bailouts isn’t aggressive enough. This is the tidbit …






Central Bankers Want to Print Money

In both England and the US, central bankers are moving towards more quantitative ease. “QE2” is the tag for this action. The September minutes of the MPC show a vote of 8-1 in favor of a more accommodative monetary policy. …






FOMC

Would have been a good day to play 18 holes, go in, trade, play 18 again. The FOMC voted 8-1 to hold rates steady.  I agree with the one, the Fed is making a tragic mistake.  They see conditions weakening. …






Diane Swonk, FOMC, Bloomberg TV

Today after the Federal Reserve announced its policy, I was on Bloomberg TV.  Diane Swonk of Mesirow Financial was also on. When asked if I thought that China could be a positive force and pull the US out of recession, …






Da Fed, Meeting Tomorrow

I believe the Fed meeting tomorrow will be anti-climactic. The FOMC cannot move on interest rates. Certainly, there is no propensity to raise them-even though a small minority of economists think they should. The Fed really can’t lower them anymore …