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Ear to the Ground

Fed Makes More Hopeful Noises

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Posted on Mar 15, 2011
Flickr / cliff1066™(CC-BY)

The latest economic assessment-slash-prognostication from the Federal Reserve isn’t all bad—in fact, CNN Money goes so far as to characterize it as relatively “bullish,” despite mitigating factors such as soaring oil prices and the crisis in Japan. Here’s why.  —KA

CNNMoney.com:

The nation’s economic recovery is getting stronger but inflation remains in check, according to the Federal Reserve. The Fed said Tuesday it will remain on its current course of pumping more cash into the economy.

“The economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually,” said the Fed in one of its most bullish statements in years.

The central bank acknowledged there have been significant increases in commodity prices such as oil since its last meeting, but added that it believes underlying inflation pressures remain subdued.

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Napolean DoneHisPart's avatar

By Napolean DoneHisPart, March 17, 2011 at 12:43 am Link to this comment

I think I may have had a dream that the building pictured in this article, along with what is regarded as ‘the temple,’ were ablaze and every stone was cast to the ground.

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By samosamo, March 16, 2011 at 9:25 pm Link to this comment

****************


Bernanke farts and the markets drop. Sure a lot of the ‘hopeful’
for the fed will be the imf, world bank and wto wading into the
whole fray. And still the people will just stand around and stare.

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PatrickHenry's avatar

By PatrickHenry, March 16, 2011 at 8:51 pm Link to this comment

“Fed Makes More Hopeful Noises”

Akin to a parakeet in a coal mine.

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prisnersdilema's avatar

By prisnersdilema, March 15, 2011 at 8:31 pm Link to this comment

Of course what else can he say? That everything is turning to shit right before my
eyes? That the Japanese are planning a firesale on US bonds to work their way out of
this mess? Or that we’ve lost 14 trillion dollars and have no idea where it is? That’s why
he got the job isn’t it, because he’s willing to say anything no matter how absurd.

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By knute, March 15, 2011 at 6:49 pm Link to this comment
(Unregistered commenter)

Just a couple questions Why are we listening to the FED ? When have they been right in the last 30 years since P. Volker left ? Isn’t it the banking cartel referred to as “The Fed” and the banks it represents exactly what ushered in this mess ? The Class War is just about been completed, and guess who won.

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By TDoff, March 15, 2011 at 5:18 pm Link to this comment

Who is this ‘The Fed’ that tells US that things are getting better? Is it by any chance Lil’ Timmy Geithner, one of the architects/enablers of the ‘07-‘08 housing/derivative/fraudulent everything debacle and near-collapse of the entire US economy? Who was stupidly promoted and placed in a position of responsibility by Obama, which enabled him to cover-up instead of correcting his, and his Wall Street buddys’, eff-ups under Bush?

Is that Lil’ Timmy talking, pulling his thumb out of his butt just long enough to pat himself on the back? This little weasel should be in stocks and bonds, not the financial kind, but the incarceration kind.

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