FOMC members were split on balancing the potential need for more monetary stimulus against inflation fears, with most members viewing current inflation levels as temporary and driven by energy prices. The minutes sum up the debate on additional easing:
On the one hand, a few members noted that, depending on how economic conditions evolve, the Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run. On the other hand, a few members viewed the increase in inflation risks as suggesting that economic conditions might well evolve in a way that would warrant the Committee taking steps to begin removing policy accommodation sooner than currently anticipated.
The minutes do not discuss the Fed members’ views, if any, on Paul Krugman’s calls for additional fiscal stimulus and/or magic.
Fed Officials Divided on Further Stimulus [Bloomberg]
I’m looking for ink cartridges on the cheap if anyone knows a place.
- B Bernanke
Quality Tag
De
Dear Matt: there’s a rule of thumb that it only takes 7 seconds to make a first impression. If we make that 7 articles, then my first impression of you is you’re quite good at this…I like you, I really like you. xoxo
Seems like a lot of hand jobs going on at the FOMC
Matt,
The quickest way to get your balls handed to you here is to be the “I post serious economic stuff” version of Bess. This is a tabloid, not the FT.
The threshold is: if you’re posting a 20,000 word essay that you wrote on the evolution of Brazilian debt, then fine, that’ll be tolerated, but, otherwise, just stick to sexual innuendo.
Best,
Kouwe, Greggums, and EP
You should probably limit this type of stuff to about one sentence and save it for the Opening Bell and Write-offs. That way we can easily ignore it.
Agree completely, but he did kind of win me over with the Azrael tag.
(Also think EP was a lot better than the other two)
Oh yeah..tell me about tabloids….
Hey!!!
Antisemite….
Enough to sleep with him?
If the Fed would just hire experts with one arm they wouldn’t have any of that “on the other hand” mumbo-jumbo.
Keep up the good work, Greggums!
Balance:With; Juxtapose:Against
other than that, I have no issues.
-Conan the Grammarian
I don’t know… I always thought EP was a condescending ayn-rand-cultish self-important snobbish bitch who didn’t know shit.
Or perhaps I’m just a judgemental asshole. Who knows.
Yeah, you’re an idiot.
BTW, I know we have an open relationship and all, but, every time I see your new picture I want the punch the shit out of it. Can you find something with a little more “cute” and a lot less “psychotic nagging meth-addled ex-wife”? It’s like nails on a chalkboard here.
Oh, I know. The velcro on my shoes isn’t for fucking grins, jackass.
Yip, yip. Honesty Dept also made it clear that this is the wrong pic. Will find something better tonight. xoxo
No, that would be wrong.
Everybody throw away your Bloomberg terminals. Matt Levine is now reporting financial news.
I miss you, SamRo.
Thanks. I feel like Andy Dick trapped in a post-op transvestites body just mentioning it, but… it’s fucking creepy. Like I need to run out to my car and make sure it hasn’t been spray-painted with “CHEATER. LIAR. SMALL DICK!” creepy.
Let me guess – EP was a “condescending ayn-rand-cultish self-important snobbish bitch who didn’t know shit” due to her Obama Fund posts? Or was it extrapolating on matters of flight? Or perhaps it was her leading a discussion with regards to international affairs.
Get over yourself, dolt.
Why?
The Azrael tag and the reference to Krugman’s “magic” offset the serious/boring/already-saw-it-on-my-Bloomberg vibe.