THERE WAS CERTAINLY NO SURPRISE FROM THE FED TODAY EXCEPT THAT THE FOMC STRESSED THAT THERE ARE SIGNIFICANT DOWNSIDE RISKS TO THE ECONOMY. It appears that this phrase caused the markets to sell everything after the release of the most important outlook for U.S. economic policy. The market’s response must have left Mr. Bernanke wondering just what the FED could actually do to lift the “animal spirits” of the investor and business community.
Posts Tagged ‘Barney Frank’
Notes From Underground: Economy to Ben Bernanke … It’s Not You, It’s Me
September 21, 2011Tags:2012 Presidential Election, Alan Bollard, Barney Frank, Berlusconi, Bernanke, Brazil, BRIC, currency wars, ECB, Fed, FOMC, Germans, Glass-Steagall, PIIGS, RBNZ, Sarkozy, swiss, U.S. Dollar, Wall Street, zero interest rate policy, ZIRP
Posted in Currency, Europe, Federal Reserve, FOMC, New Zealand | 10 Comments »