FOMC: Upside Risks to Inflation

Wednesday, June 25, 2008 | 03:00 PM

The well-parsed FOMC statement remains too cheery on growth, not concerned enough about inflation -- and is totally irrelevant.

What matters is whether the Fed can tighten or loosen rates or not -- and they apparently cannot. The Fed has painted themselves into a box, with a recession, housing collapse and credit crunch on one side, and $140 Oil, rampant food and other inflation on the other.

What's a jawboning Fed Chair to do? As little as possible . . .

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Parsing the FOMC Statement
Infofedparse0806_2
via WSJ

 

Wednesday, June 25, 2008 | 03:00 PM | Permalink | Comments (31) | TrackBack (0)
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Comments

The federal reserve is only concerned with making things as good as it can for the member banks which own it.

Why should we be surprised that they do not really fight inflation?

Posted by: bk | Jun 25, 2008 3:39:04 PM

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