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calculatedriskblog.com - 21 days ago
FOMC Statement: Low Rates for Extended Period
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Some people thought that the Fed might change the "extended period" statement, or the "economic activity ... to remain weak for a time". No change to those statements. Note: I doubt the Fed will raise rates for a long time. From the Fed: Information received since the Federal Open Market ...

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Matthew Yglesias:  Endgame

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Endgame
Matthew Yglesias — I want to twist the knife a bit deeper: — German deer still stuck in the Cold War. — Sasha Vujacic dodges the tough questions about dating Maria Sharapova. — Will Sarah Palin help Mark Kirk prove to Illinois tea partiers that he’s one of them? — All about “Af-Pak hands”. — Fed planning to keep expansionary monetary policy in place. Good. — Sending civilians into a war zone is very expensive. I heard Cold Cave’s “Love Comes ...

uggabugga — The Fed hopes that eventually there will be a turn-around: From today's statement: The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period.They kind of sugar-coat it with two of the three reasons for the low rate being ...

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Grayson apologizes for 'whore' remark — Rantburg
Rep. Alan Grayson (D-Fla.) has apologized for calling a top adviser to Fed Chairman Ben Bernanke a "whore." "I offer my sincere apology to Linda Robertson, an adviser to Fed Chairman Ben Bernanke," Grayson said in an emailed statement. "I did not intend to use a term ...