From Yahoo SPY :
(FED will show)more transparency
FED reveals everything that they do. They do it because they'd lose credibility otherwise. Further, every week they publish all that they do.
and stratedy that would come into play if the economic outlook deteriorates and asset purchases are required..qe3,
QE3 = QE1. QE1, the purchase of mortgage backed securities had no economic effect. That's why they launched QE2. QE2 had no economic effect either.
no change in the forward inflation outlook of 1.75 to 2%
No one including FED has been able to accurately predict future inflation.
range and that rates will stay low till 2014,,,basically a more accommodative tone...
It can't be said that FED provides accommodation. How is FED accommodating? They sterilize all their Permanent purchases and banks have yet to need to draw down any of the giant pile of reserves FED created. The other half of monetary policy, Temporary, or interest setting reserve manipulation, has been closed since 2008. The ff rate is at 8 BP because the market can't use the excess reserves in the system. Can't push on a string.
Pretty amazing that in spite of the supporting evidence no one in the world publicly expresses a comprehension of this elementary fact. Instead, all these uninformed people say, "FED is accommodative". Just shows that few know how the institution works.
The response :
they dont reveal eveything they do.....they have no made clear their long range goals and strategy if the economy takes a downturn and how it will approach its dual mandate that we have diceussed in the past.....
Incoherent babbling from someone who knows nothing.
it was not in the Dec statement.....
Shows this guy only knows what media programming has led him to believe.
remember bernancke is set to address congress in late feb....
So what?
yes inflation targets are included in FOMC summaries..
Didn't read nor comprehend a word I wrote, talks to himself, and to his myths.
however long-run estimates of unemployment need to be addressed with more clarity..
Why? This assumes that FED can control unemployment. Most do in spite of the last 4 years.Maybe more grievous is the vague "address with more clarity". The guy is buying into the FED's current obfuscation of their impotence. Believes FED's deceptions as though they're pertinent.
maybe well get that, so it is not as tranparent as you say,
! An unbelievably self contradictory assertion. Says we'll get clarity while denying transparency as though false statements by FED which he claims he doesn't believe refute what I wrote. How does one deal with this confusion?
you never know how the officials will vote..
Quite the contrary. For 30 years they've always voted for some promoting policy which they believe will provide or prop eternal prosperity. It never does, but it does introduce subtle destabilization that accrues and increases cycle swing amplitude.
..you are stuck in your thesis (no dual mandate until i forced it out of you,
There is no Dual Mandate. FED abandoned inflation control in 1994 when AG finally got back control of Temporary. They've been lucky for the last 6 years and have been able to neglect the inflation side since the ever growing depression makes wage increases impossible. Ironically, there's enough economic activity so that intermediate material prices rise although the price increases are more due to legacy costs, and in anticipation of the disastrous cost of Obamacare, than they are associated with raw material cost increases.
does not influence markets, how operation twist works etc)...
Who knows what this babbling is saying?
.professor put the books down..think for yourself
How do you like this pretense? Worse than what the jerks in SI would say when they would come here to show how wrong I was. They wouldn't know diddly but they were so convinced by the validity of their indoctrination that they had to show it off. Now, if they read what they wrote, they'd say, "I didn't write that". |
