Let us hope that the FED and Chairman Bernanke are not following Shakespeare’s most famous stage direction. Today, the FOMC released the minutes from the last meeting and as widely expected the predominant interest was in the discussion of the FED‘s exit strategies from the QE2 program. It seems that FED BOARD members were pushing the idea of raising rates prior to the unloading of assets that have accumulated on the FED‘s balance sheet. There were many opinions about the significance of the various proposals that the FED is considering, but it seems that the FED itself is very uncertain about which procedure will produce what impact.
Posts Tagged ‘sugar’
Notes From Underground: The Long March toward Yuan appreciation–Schumer, Levin, Graham vs. the G-20
June 17, 2010As we head into next weekends G-20 meeting, the swords of reprisal are being sharpened by the wagging tongues of political expediency. Sander Levin, chairman of the House Ways and Means Committee, is threatening that Congress will move to punish the Chinese for their recalcitrant behavior toward the rebalancing of the global financial and economic system if the Obama administration fails to get China to revalue the YUAN.