Posted by The WSJ’s Hilsenrath says that the meaning of the August FOMC minutes is that the Fed is about to ease monetary policy.
We are not going to get a substantial and sustainable anything before the 13th of September, so the Fed is pretty clearly going to ease monetary policy again. From the minutes, it looks like further balance sheet expansion and moving the low rate pledge out a year to 2015. I doubt we will see a reduction in the IOER rate.
ricardian ambivalence 
give me a break.
As if the Fed will do anywhere near enough ‘easing’ to make much difference.
your mate Cochrane is again showing he doesn’t understand basic economics and can’t even add up of government debt!
Hmm, did not see the Cochrane link you are talking about…
As for easing, i doubt it can make much difference, but i do not doubt that they will try.
How do they expect them to ease when we know QE is a monetary non-event?
try <a href= "http://economistsview.typepad.com/economistsview/2012/08/put-inflation-fears-aside.html".
I could put in Brad De Long’s opinion but you wouldn’t like it.
To make a difference they would have to really ramp up their balance sheet. Republicans would jump all over Bernanke.
this is the best link here.
Bernanke ramping up the Fed’s balance sheet just before an election. Don’t think so
Wish to punt? 100 to a charity of the winner’s choosing on Fed balance sheet expansion before the Nov election? I am saying yes.
Sorry I didn’t meant to say they wouldn’t , Merely whatever they do will be vastly too small
Really enjoy the to-and-thro at Ricardian. Despite divergent opinion there appears a recognition (resignation?) of the limitation of, well everything! Jeesh, who knows, but in reference to Ricardo’s challenge above, for me $100 to animal welfare org if the Fed does not (sorry guys 20+ year veg, had Peter Singer as a Lecturer in younger days, persuaded me). Cheers.