For The Federal Reserve Chief Who Has Everything (Except An Economic Recovery)

Ben Bernanke’s a hard one to shop for. But his underlings are dropping some clear hints. And he’s OK with the fact that you’ve already missed Hannukah, as long as it gets to him sometime next year.

Surveys done by two regional Fed banks suggest policymakers may get their wish for somewhat faster inflation next year. Businesses are expecting to face significant cost increases next year and plan to respond by lifting their own selling prices.

Plus, you’ve already given him this, which was very thoughtful and will allow him to eat his Chinese takeout on Tuesday without agita.

The Federal Reserve has canceled the sale of shorter-dated U.S. Treasury debt that was tentatively scheduled for Dec. 27 as part of the central bank’s “Operation Twist” stimulus program, the New York Fed said on its website on Thursday.

The New York Fed said the sale was “no longer necessary.”

Fed May Get Its Hope for More Inflation in 2013 [WSJ]
Fed cancels Dec. 27 tentative Treasuries sale – NY Fed [Reuters]

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3 Responses to “For The Federal Reserve Chief Who Has Everything (Except An Economic Recovery)”

  1. Quant me maybe says:

    The only comment this post deserves is that there is only one comment on this post

  2. the economic climate, currently employed individuals and families retreat as well. The same uncertainty and fear that businesses and investors possess are held by these individuals – further reducing the amount of money flowing through the economy. They just do not spend, because they are fearful that they might need it tomorrow.

  3. This time there is reorganization to higher levels of performance. During the next wave of lifting, it is necessary to take special care, watching the body's response to the load.