No new measures from the Fed

In a surprise (to me at least) the Fed took no new measures last night. Rather, it signaled that easing is close, by noting that growth had decelerated and that additional accommodation is on the menu:

The Committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability

Jackson Hole is going to be interesting…

This entry was posted in FOMC. Bookmark the permalink.

3 Responses to No new measures from the Fed

  1. Manny C says:

    Im beginning to believe the hawks want Obsma to lose. They will unscrew spigot after election or just before (when it will be too late to make a difference).

    • Rajat says:

      Seems like the only logical explanation! And Bernanke may be brilliant and just the right man for the times, but doesn’t seem much good as a persuader.

  2. On your Marx says:

    under present circumstances, which are special and unusua,l fiscal policy is mroe potent and useful.

    on a f0rward loking taylor rule monetary policy is too tight.

please comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.